Can a Section 8 Company Invest in Profit-making Company Contributed By: Geetanjli Aggarwal Email id: Geetanjli@simplybiz.in We all know that Section 8 Companies are the Non-Profit Companies whose objective is to promote fields of arts, commerce, science, research, education, sports, charity, social welfare, religion, environment protection, or other similar objectives.  Such Companies spend their profits on furtherance of these above-mentioned charitable objectives and do […]

FC-GPR filing with RBI for FDI Contributed By: Pooja Jain Email id: Pooja@simplybiz.in What is FC-GPR  FC-GPR, which stands for Foreign Currency Gross Provisional Return. This filing requirement comes into play when a business entity secures Foreign Direct Investment (FDI) and subsequently allocates shares to a foreign investor. The purpose of the FC-GPR form is […]

Can an Executive Director also provide Consultancy/Professional Services to the Company? Contributed By: Geetanjli Aggarwal Email id: geetanjali@simplybiz.in If we try highlighting a significant trend that has emerged in corporate governance, it is the composition of the Board which shows the shift from family-oriented boards to more professional and diverse boards. The composition of corporate […]

Annual Secretarial Compliance Report Contributed By: Amrutha Ananda Email id: amrutha@simplybiz.in Introduction   On the recommendations made by the Uday Kotak Committee of Corporate governance in its report dated October 05, 2017, SEBI inserted a new regulation i.e. Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) and made effective from the financial year ended March […]

Modes of Overseas Investment in an Indian Entity Engaged in Real Estate & Entertainment Sector Contributed By: Vanaja Kaleru Email id: vanaja@simplybiz.in Introduction Context: A US citizen owns two businesses in India – one in real estate and the other in entertainment (as a movie producer). He would like to bring in investment in the […]

Corporate Compliance As A Service (CAAS) SimplyBiz is a new generation multi-disciplinary professional services firm that harnesses the power of technology to deliver a wide range of professional services. Our service offerings cover Indian Entry Advisory and Business Set up, Corporate Secretarial and Corporate Governance, Transaction Advisory, and Managed Services. We believe in doing things […]

Consequences of Appointment of Director of a Company Without Obtaining Director Identification Number (DIN) Contributed By: Kanikka P Indi Email id: kanikkapindi@simplybiz.in Reference of Section 152(3) and 161(1) of the Companies Act, 2013 (‘Act’) – Appointment of DirectorsExcept the First Directors of the Company, every director of the Company shall be appointed by the Company […]

International Contracts – A Walk Through Contributed By: Anant Agarwal Email id: anant@simplybiz.in Introduction International contracts are legal agreements made between two or more parties located in different countries. These contracts typically involve the exchange of goods, services, or money across national borders. International contracts can cover a wide range of areas, including trade, finance, […]