Cost Inflation Index (CII) is a crucial financial tool in India that plays a significant role in determining the inflation-adjusted capital gains on the sale of various assets. Introduced by the Income Tax Department, the CII helps investors and taxpayers account for the impact of inflation when calculating gains on the transfer of capital assets. This article aims to provide a comprehensive guide to the Cost Inflation Index in India.Continue reading “Cost Inflation Index in India: A Comprehensive Guide”
Dematerialization is the process of converting your physical shares and securities into digital or electronic form. The basic agenda is to smoothen the process of buying, selling, transferring and holding shares and also about making it foolproof. All your securities are stored in an electronic form instead of physical certificates.
In this document, you will find the procedure for dematerializing shares and the list of required documents for completing the process for both the company and shareholders. Continue reading “Procedure of Dematerialization of Shares”
The Ministry of Corporate Affairs (MCA) has introduced a significant change with the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023 (PAS Amendment Rules) as notified by notification no. GSR 802(E) dated 27th October 2023. This mandates private companies, to convert physical securities into dematerialized (electronic) form within eighteen months of their financial year ending March 31, 2023, i.e., September 30, 2024. Continue reading “Dematerialisation of Shares of Private Companies”
Private Limited Company Registration is considered to be the most ideal for NRIs, foreign nationals and for foreign entities who want to set up business in India.
According to FEMA guidelines, Foreign Direct Investment (FDI) is restricted in other types of businesses like Proprietorship, Partnership Firm and One Person Company. Though FDI is permitted under the automatic route in LLPs operating in sectors where 100% FDI is allowed through the automatic route and there are no FDI linked performance conditions. Continue reading “Company Registration for NRIs and Foreign Nationals in India”
All LLPs registered with the Ministry of Corporate Affairs need to file Annual Returns and Statement of Accounts for every Financial Year. It is mandatory for a LLP to file a return irrespective of whether it has done any business. There are three LLP mandatory compliances to be followed:
- Filing of Annual Return
- Filing of Statement of the Accounts or Financial Statements
- Filing of Income Tax Returns