A quorum is the minimum number of directors who must attend the proceedings in order to transact business validly at a duly convened Board meeting. The directors must not be disqualified to participate in the meeting. Unless the quorum is present at the meeting, it shall not be deemed to have been properly held. Section…

ENTRY STRATEGIES FOR A FOREIGN ENTITY A foreign entity may enter India in the following manner: (I) As a foreign company in the form of (a) Liaison office (b) Branch Office (c) Project Office; (II) As a limited liability partnership; (III) As an Indian Company; LIAISON OFFICE: Foreign Companies may set up a liaison office…

The Director of the Company may resign from his office, as per the provisions of section 168 of Companies Act, 2013 and the rules provided therein. The concerned director is required to send his resignation letter in writing to the Company and the Company is required to file the necessary forms with the Registrar post…

Companies incorporated in India be it private limited company, one person company, limited company, and section 8 company have to file their financial statements and the annual returns each year with the Registrar of Companies, to provide Registrar of Companies with the prescribed particulars. The e-Forms to be filed for Annual ROC filing is: 1….

With the plethora of laws and ever-changing corporate milieu, people often end up contravening the various provisions of law. Therefore the GoI has provided for the compounding of offences under FEMA, whereby a person can voluntarily accept the contravention and apply for the compounding of offence, seeking redressal without going through the lengthy process of…

As per the existing rules of the Reserve Bank of India an annual return on Foreign Liabilities and Assets (FLA) is required to be submitted directly by all the Indian companies which have received FDI (foreign direct investment) and/or made FDI abroad (i.e. overseas investment) in the previous year(s) including the current year i.e. who…

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