RBI: Small Value Digital Payments up to Rs. 2k allowed by RBI in Offline Mode (OTP/ without Internet) Small Value Digital Payments up to Rs. 2,000 in Offline Mode (without Internet/ OTP) are authorized by RBI to promote digital transactions in regions where internet or telecom access is inadequate or non-existent: RBI Based on experiments …
Foreign-Offices-setup-in-India-Branch-Office-Liaison-Office-and-Project-Office Branch office, Liaison office, Project office Establishment BRIEF INTRODUCTION India is considered as the hotspot in respect of foreign companies in India. With the fast-growing economy and increasing globalization, there has been a rise within the foreign multinational companies within the variety of Liaison offices, branch offices, or project offices of the foreign holdings …
BRIEF INTRODUCTION With the arrival of Globalization, more and more Indian companies have an interest in doing business outside India. they require to set up a branch office or a subsidiary abroad. There are multiple benefits of doing so like cost reduction because they save on duty, simple doing business, building a global brand, etc. …
LIAISON OFFICE, PROJECT OFFICE & BRANCH OFFICE A company that’s incorporated outside India has the choice to own offices in India that don’t seem to be primarily subsidiary companies. Subject to the depository financial institution of India (“RBI”) guidelines, a distant company can have a branch office, liaison office, or project office. The functions of those offices are limited as these don’t seem to be full-fledged offices sort of a subsidiary office. …
www.carajput.com; RBI FC-TRS ALL about the FC TRS Transfer of shares for consideration: If you are transferring shares for consideration, then you need to file from FCTRS within 60 days of share transfer for which the brief of documents required is provided in the trailing mail. List of Documents required to file form FC TRS …
NBFC – Microfinance Institution (NBFC-MFI) in India An NBFC – Microfinance Institution (NBFC-MFI) is a non-deposit taking NBFC (which is not a company licensed under Section 25/8 of the Indian Companies Act, 1956/2013) fulfilling the following conditions: One of the most emerging types of NBFC nowadays is NBFC – Microfinance Institution (NBFC-MFI). Minimum NOF of …
Key Takeaways About the TCS On Liberalized Remittance scheme (LSR) Applicability Concept of Liberalized Remittance scheme as per RBI Regulation : AD’s Liberalized Remittance/ Transfer Scheme may openly allow Remittance/ Transfer s of up to USD 2,50,000 (April-March) per Financial Year to resident individuals for any approved current or capital account transaction or a combination …
Free CIBIL Update & major factor which may affect and help in improving CIBIL Score TransUnion CIBIL Ltd., formerly known as the Credit Information Bureau Ltd., is one of India’s leading credit information firms. It was founded in 2000 and is widely referred to as the CIBIL credit agency The Office is approved by the …
RBI Announcements: RBI reduces the rate, extends the loan relief Term loan moratorium extends to August 31, 2020– The debt moratorium will be continued to August 31, 2020. Which gives it a six-month moratorium. Interest deferral on working capital– Interest on working capital is deferred by another 3 months, i.e. until 31 August 2020. Conversion …
The income tax Due date for filing returns for the Financial year 2018-2019 is 31 July 2019. So, Provide all required Documents for filling your Income-tax Return AY 19-20 as soon As possible. the penalty of Rs 5,000 will be charged for returns filed after the due date but before 31st December. If returns are …