Tag Archives: RBI

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 →

Posted in Company Law, Income Tax, Investment in India | Tagged , , , , | 1 Comment

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 →

Posted in Company Law, Investment in India | Tagged , , , , , , , | 2 Comments

Payment of Interest on Savings Bank Account on Daily Product Basis

Posted on March 11, 2010 by Mukesh Goel

RBI/2009-10/339 UBD (PCB) BPD.Cir.No. 48/13.01.000 / 2009-10 March 4, 2010 Chief Executive Officer All Primary (Urban) Cooperative Banks Dear Sir, Payment of Interest on Savings Bank Account on Daily Product Basis Please refer to our circular UBD (PCB) BPD.Cir.No. 7/13.01.000/2009-10 dated … Continue reading →

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Setting Up a Branch Office in India

Posted on September 23, 2008 by Mukesh Goel

Foreign companies who are engaged in manufacturing and trading activities outside India are allowed, by Indian law, to set up branch offices in India for the following purposes: Export/Import of goods Rendering professional or consultancy services Carrying out research work, … Continue reading →

Posted in Investment in India | Tagged , , , , , | 1 Comment