Month: June 2010

Formation of a Company

1. Which is the best suitable business organization? Answer: A business enterprise can be owned and organized in several forms. Each form of organization has its own merits and demerits. The ultimate choice of the form of business depends upon the balancing of the advantages and disadvantages of the various forms of business. The right …

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Direct Investment by Resident in Joint Venture (JV) /Wholly Owned Subsidiaries (WOS) Abroad

[vc_row][vc_column][vc_column_text]1. Where are the guidelines pertaining to overseas investment available and from where one can get clarification for the same? Answer: The guidelines have been notified by Reserve Bank of India vide Notification No. FEMA 120/2004-RB dated July 7, 2004, as amended from time to time, which can be accessed at the Reserve Bank’s website fema.rbi.org.in. A Master …

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ECB Return:

Checklist for Filling and Certification of ECB Return   S.NO. PARTICULARS Remarks 1. Check whether the ECB-2 return is being filed within 7 working days from the close of the month through the designated authorized dealer. If there is no transaction during a particular period, a nil return should be submitted. 2. Check whether the …

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FDI Report:

Checklist for Foreign Direct Investment (FDI Report)   S.No Particulars Status 1. Check whether company is allowed to raise FDI under Automatic Route. Check sectorial caps. 2. In case of approval route, check whether the appropriate approval is received from FIPB/RBI before the receipt of FDI. 3. Check whether the Investor is a resident of …

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FCGPR:

Checklist for Form FC_GPR   S.No Particulars Status 1. Check whether Company is allowed to raise FDI under Automatic Route. 2. Check if FDI is not allowed under Automatic Route, FIPB approval has been obtained. 3. Check if the FDI is within the allowed Automatic Route Cap. 4. Check whether the terms and conditions of …

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