Category Archives: Investment in India

Announcement of New USA Branch of MRC

Posted on December 13, 2010 by Mukesh Goel

We are delighted to inform you that Mukesh Raj & Co. (MRC) has inagurated its first foreign branch office at New Jersey, United States Of America. The new foreign office address is: MRC (Chartered Accountants) 85, Forest Drive, Apartment C … Continue reading →

Posted in Company Law, Income Tax, Investment in India, Service Tax, VAT | Tagged , , , , , , | 2 Comments

No Objection Certificate for conversion of Investment Company into LLP

Posted on October 22, 2010 by Mukesh Goel

The Limited Liability Partnership Act, 2008 (herein after called “Act”) has brought a new kind of business vehicle in the Country called LLP, allowing small business and entities to carry on business under a flexible business model. The Act is silent … Continue reading →

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Department of Industrial Policy and Promotion (DIPP)discussion paper on Compulsory Licencing of Patents

Posted on October 9, 2010 by Mukesh Goel

The Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, Government of India, has kick off the issue of compulsory licencing, in a direction of ramifications of policies. In a move to curb excessive monopolistic prices of medicines, … Continue reading →

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FORM 15CA & 15CB (REMITTANCES TO NON-RESIDENTS UNDER SECTION 195 OF THE INCOME-TAX ACT)

Posted on September 29, 2010 by Mukesh Goel

Section 195 of the Income-tax Act, 1961 mandates deduction of income-tax from payments made or credit given to non-residents at the rates in force. The person making the remittance to a non-resident needs to furnish an undertaking (in Form 15CA) … Continue reading →

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Govt approves simplified labour law

Posted on September 20, 2010 by Mukesh Goel

The Cabinet today cleared a simplified version of a labour Bill that will benefit small business establishments employing up to 40 workers in maintaining registers and submitting returns electronically. According to the decision, the Labour Laws (Exemption from Furnishing Returns … Continue reading →

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External Commercial Borrowings (ECB) Policy – Liberalisation- Hotels, Hospital and Software

Posted on August 13, 2010 by Mukesh Goel

RBI/2010-11/ 167 August 12, 2010 A.P. (DIR Series) Circular No.08 To All Category – I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) Policy – Liberalisation Attention of Authorised Dealer Category – I (AD Category – I) banks … Continue reading →

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Conditions of listing for issuers seeking listing on SME Exchange

Posted on May 18, 2010 by Mukesh Goel

In recognition of the need for making finance available to small and medium enterprises, SEBI has decided to encourage promotion of dedicated exchanges and/or dedicated platforms of the exchanges for listing and trading of securities issued by Small and Medium … Continue reading →

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pricing guidelines for transfer of equity instruments from a resident to a non-resident and vice versa

Posted on May 10, 2010 by Mukesh Goel

In terms of Schedule 1 of the Notification, an Indian company may issue equity shares/compulsorily convertible preference shares and compulsorily convertible debentures (equity instruments) to a person resident outside India under the FDI policy, subject to inter alia, compliance with … Continue reading →

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ESI coverage limit increased from 10,000 to 15,000 w.e.f 01-05-2010

Posted on April 28, 2010 by Mukesh Goel

The ESI Corporation has approved to enhance wage ceiling from Rs 10,000 per month to Rs15,000 per month for coverage of employees under the ESI Scheme in its 149th meeting held on Friday under the chairmanship of Union Minister of Labour and Employment Mallikarjun Kharge. Union Minister of … Continue reading →

Posted in Income Tax, Investment in India | Tagged , , , , , , , | 13 Comments