Retention of accounting records under various Indian Laws.

Business Registration Service At Finegral

Companies Act , 2013 A normal company is required to maintain its books of account and vouchers for a period of 8 years immediately preceding the current year. The books and papers of the Amalgamated/Transferor Company must be not be disposed of without the prior permission of the Central Government. The books and papers of a company which has been wound-up and of its liquidator shall not be destroyed for a period of 5 years from the date of its dissolution. They may

Overseas Direct Investment

Introduction: An Indian Company has been permitted make investment in overseas Joint Ventures (JV)/ Wholly Owned Subsidiaries (WOS) under approval or automatic route as may be applicable. Investment limit under Automatic route: The total financial contribution of an Indian Party shall not exceed 400% of the net worth as per the last audited balance sheet however the total financial contribution in any financial year shall not exceed USD 1 billion. If the total financial contribution exceeds the above threshold limit prior approval of RBI

ITC Disallowance

Cases when ITC is not available under GST We have examined some cases where Input Tax Credit ( ITC) is not available Motor vehicles & conveyances ITC is not available for motor vehicles and conveyances. For example, XYZ & Co. buys a car for their business. They cannot claim ITC on the same. Exceptions to ITC on motor vehicles ITC will be available when the vehicle is used for the following. a) Supply of other vehicles or conveyances :If you are in the business of

Infusion of E Capital

Introduction: Every business requires capital for starting a business. For starting a large scale organization there is a need for huge amounts of capital. For raising a capital company uses various sources of funds like share capital by issuing shares to public, debt capital by issuing debentures, term loans from banks, etc. Out of all sources of funds, companies prefer shares and debentures more. People who are interested in investing in shares and debentures are increasing every day showing a rapid growth

Incorporation of Foreign Subsidiaries/Joint Ventures

Incorporation of Foreign Subsidiaries/Joint Ventures:  India is currently one of the fastest growing economies of the world. Over the past year, the government has liberalised FDI norms for several sectors making India the most open economy in the world for FDI. However there are some complex tax and laws structure which demands for high quality assistance in the formation process from the perspectives of Company Law, Foreign Exchange Laws and other Laws. An overseas Company planning to set up business