"FEMA, International Taxation, transfer pricing, NRI Tax Issues at Indore Madhya Pradesh (MP)"
Introduction- LRS was brought in as a relief to all Indian Residents to remit money outside India. Intially brought in partial capital account convertibility by allowing specified capital account transactions up to the LRS limit. It is available to all Resident Individuals including minors. Up to USD 250,000 per financial year can be remitted every […]
A situation arose in which a company could not call its board meeting due to NCLT embargo and other reasons. The auditor was appointed, but balance sheet and financial statements could not be signed as requirement of sec 134 of companies act 2013 was not fulfilled. Section 134 requires a board meeting to take place and approve the accounts which shall be forwarded to auditor.
Q1 What is Banning of Unregulated Deposit Schemes Ordinance, 2019 Answer- The Banning of Unregulated Deposit Schemes Ordinance, 2019 has been promulgated to have a central legislation to tackle the menace of illicit deposits taking activities in the country. Presently, non-banking entities are allowed to raise deposits from the public under the provisions of various […]
