Prepaid payment instruments (PPIs) come with a pre-loaded value and in some cases a pre- defined purpose of payment. They facilitate the purchase of goods and services as well as inter- personal remittance transactions such as sending money to a friend or a family member. These payment instruments are licensed and regulated by the Reserve Bank of India. 1. What are Prepaid Payment Instruments? ......

FOREIGN CONTRIBUTION REGULATION ACTFCRA, 2010 has been enacted by the Parliament to consolidate the law to regulate the acceptance and utilization of foreign contribution or foreign hospitality by certain individuals or associations or companies and to prohibit acceptance and utilization of foreign contribution or foreign hospitality for any activities detrimental to national interest and for matt......

MCA has introduced ‘Companies Fresh Start Scheme 2020 to provide relief to law abiding companies  in pursuance of the Government of India’s efforts to provide relief to law-abiding companies and Limited Liability Partnerships (LLPs) in the wake of COVID 19, the Ministry of Corporate Affairs (MCA), has introduced the “Companies Fresh Start Scheme, 2020” to make good any......

MCA HAS NOTIFIED THE REVISED ORDER WHICH MAY BE CALLED THE COMPANIES (AUDITOR'S REPORT) ORDER, 2020 AND SHALL COME INTO FORCE ON THE DATE OF ITS PUBLICATION IN THE OFFICIAL GAZETTE I.E 25-02-2020 APPLICABILITY OF CARO: The revised CARO shall apply to every company including a foreign company. EXCEPTIONS: a banking company, an insurance company, a Section 8 Company, a One Person Company, a......

HOW TO FILE FC - GPR The healthy growth in the overseas investments is proving that there is a lot of optimism and enthusiasm about India as a foreign investment destination. FDI is important as India would require huge investments in the coming years to overhaul its infrastructure sector to boost growth. Healthy growth in foreign inflows helps maintain the balance of payments and the value of th......

UNDER SECTION 42 OF THE COMPANIES ACT, 2013 AND COMPANIES (PROSPECTUS AND ALLOTMENT OF SECURITIES) RULES, 2014   Private Placement is defined as any offer or invitation to subscribe or issue of securities to a selected group of persons by a company (other than by way of public offer) through Private Placement Offer-cum-Application. Offer to subscribe for the securities of a Company under Pr......

1. India is now Fifth largest economy in the world. 2. GDP nominal growth has been estimated at 10%. 3. A fiscal deficit of 3.8% has been estimated 4. The goal is double farmers income by 2022. Finance Minister lists 16 point action plan to boost farmer’s income. 5. GST resulted in Rs 1 Lakh crore gains to consumers, removed inspector raj and helped transport sector 6. Comprehensive mea......

CAN A DIRECTOR PURCHASE ASSETS FROM THE COMPANY IN WHICH HE/SHE IS ASSOCIATED? The answer is YES. All is needed to pass a Board Resolution in the meeting of the Board of Directors for it’s approval. However as per Section 192 of the Companies Act, 2013, if  a director of the company or its holding, subsidiary or associate company or a person connected with him acquires or is to acqui......

REGULATION: Section 68 of the Companies Act, 2013 BUY BACK of shares means that company which has issued shares repurchase the same from either open market or by providing an offer to existing shareholders to buy back at fixed price. Buy back is normally done when company thinks that shares are undervalued in the market and therefore, by buy back, company absorbs the repurchased stocks and no. o......

SECTION 235 - POWER TO ACQUIRE SHARES OF SHAREHOLDERS DISSENTING FROM SCHEME OR CONTRACT APPROVED BY MAJORITY   The Company which intends to acquire control over another company by acquiring shares of shareholders of that another company is called as the Transferee Company. The Company whose shares are proposed to be transferred is known as Transferor Company. The Transferee Company s......