New Centralised Process of Incorporation of Companies

New Centralised Process of Incorporation of Companies MCA has centralized the process of incorporation of companies w.e.f. 28.03.2016. Under this new process, all e-forms relating to incorporation of companies, viz., INC-2, INC-7, INC-29 and other related forms (INC-22, DIR-12) shall be processed by the Central Registration Centre (CRC). It may be noted that the CRC … Read more

Article of Foreign Direct Investment

What is Foreign Direct Investment (‘FDI’) ? ‘FDI’ means investment by non‐resident entity/person resident outside India in the capital of an Indian company under Schedule 1 of Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000. FDI can be done by a non resident entity, non‐resident person, Foreign … Read more

Summary of Proposed Changes in Companies Act 2013

a. Requirement under Section 42 and Rule made thereunder with regard to preparation and filing of the private placement offer letter and form PAS 4 to be discontinued.  b. Disclosures mandated under Rule 13(2) (d) of the Companies (Share Capital and Debenture) Rules, 2014 to be embodied in the Private Placement Application Form.  c. Important … Read more

IEC Code Checklist Details

Checklist for Acquiring ICE Code:- Ø  Application Form ( Part- A, and Part – D ) Ø  Demand draft of Rs. 500 /- in favor of  THE GOINT DIRECTOR  GENERAL OF FOREIGN TRADE, JAIPUR Ø  Bank certificate as per prescribed format (Part- B, Appendix -18A) or Cancelled Cheque bearing preprinted name of applicant and A/C … Read more