The consequences of Non-Filing of Annual Return and Financial Statements are severe and one must be aware as well as cautious in this regard. Companies Act 2013 require every Company to file its Annual Return and Financial Statements with the Registrar of Companies, containing information as prescribed in this regard, within 60 days from the date of holding the Annual General Meeting. Continue reading “Consequences of Non-Filing of Annual Return and Financial Statements”
The importance of a Website Privacy Policy
With the development of technology and e-commerce, the related problems are also on the rise. While websites are growing more interactive and user-friendly, the need for a privacy policy in place that ensures the data security is also becoming essential. Continue reading “The importance of a Website Privacy Policy”
10 legal mistakes made by startups
Setting up your startup involves a lot of work and effort. Many things need attention, including developing a proof of concept, finding product/market fit, and hiring the first set of employees. With these many things to be handled, slips are bound to happen.
One of the most common areas where most startups make a wrong choice is establishing a solid legal foundation. For startups, particularly in the sectors like e-commerce, payments, food or health care, it becomes all the more important to focus on the legal aspect. You don’t want to make the same mistakes as someone else, rather learn from it, isn’t it? Continue reading “10 legal mistakes made by startups”
Due Diligence for Startups
With the startup community growing stronger than ever, there has been a rise in the number of angel investors, venture capital investors, and private equity firms who are willing to invest in such startups. Among the various factors evaluated in the due diligence report, adherence to legal compliance is one of the essential points to be taken care of. Continue reading “Due Diligence for Startups”
Form 15CA and Form 15CB – Compliance for Foreign Remittances
The Income Tax Law of our country requires authentication of foreign remittances (payments) made to a Non Resident or Foreign Company, for any amount which is taxable as per the existing laws. A person making a remittance (a payment) to a Non Resident or a Foreign Company has to submit Form 15CA. This form is submitted online.
In some cases, a certificate from a Chartered Accountant in Form 15CB is required before uploading Form 15CA online. Form 15CB is the Tax Determination Certificate where a Chartered Accountant determines the taxability of the remittance as per Income tax Act along with the provisions of Double Tax Avoidance Agreement with the Recipient’s Residence Country. Continue reading “Form 15CA and Form 15CB – Compliance for Foreign Remittances”