FFMC is an authorized entity that may purchase foreign exchange from the NRIs providing them with the Indian currency and may sell the foreign addition exchange for travel purposes, whether private or business but only to the people visiting from abroad.
Discover the process and requirements for converting a partnership firm into a private limited company under the Companies Act, 2013. Learn about key steps, prerequisites, and the legal transition.
Learn about the importance of appointing a Statutory Auditor for your company. Find out how to file e form ADT-1 and ensure compliance.
Explore the concept of Phantom Stock Options (PSO) in the Indian stock market. Learn how this unique compensation method can benefit organizations and recipients.
Understand Financial Liability & Asset (FLA) Annual Return for Indian entities involved in Foreign Direct Investment (FDI) and Overseas Direct Investment (ODI). Compliance with RBI regulations is crucial, and FLA is an annual return applicable to companies/firms engaging in FDI or ODI. The due date is 15th July, with provisional figures accepted if books are unaudited. Ensure accurate reporting through the web-based interface provided by RBI.
Introduction Foreign Owned or Controlled Companies or FOCC is a familiar name for Indian subsidiaries or entities controlled of/by non- resident/ foreign or multinational companies. FOCC is an Indian company set up or owned or controlled by a non- resident/ a foreign company or MNCs (hereinafter referred as parent company). FOCC becomes a great source […]
