The Ministry of Micro, Small and Medium Enterprises (MSME) has issued a notification dated the 1st June 2020 revising the criteria for classification of Micro, Small and Medium Enterprises. The changes have been made in the MSME definition by virtue of Aatmanirbhar Bharat Package on 13th May 2020. The new definitions and criteria will come …
New Criteria for Classification of Micro, Small and Medium Enterprises Read More »
About the client: Due Diligence is generally performed before a Company goes through any Private Equity investment or Change in the Management or Funding from Bank or Financial Institutions. R&A Associates has been conducting Due Diligence of companies based on the specific purpose. In the present case, R&A conducted Due Diligence for a Company which …
Due Diligence under Companies Act, 2013 and FEMA Regulations Read More »
About the client: R&A Associates advised and assisted a client for conversion of an Unlisted Public Company to a Limited Liability Partnership (LLP). The conversion must be in line with the provisions of Companies Act, 2013 and the Limited Liability Partnership Act, 2008. The Income tax act provision mentioned under Section 47 (xiiib) and the …
Conversion of an Unlisted Public Company to a Limited Liability Partnership Firm [LLP] Read More »
About the client: R&A Associates has advised and assisted companies which have been struck off to revive back and commence its operations. This particular client has been primarily engaged in the business of property development, civil construction contracts and infrastructure project development and construction work. The company was struck off pursuant to an order passed …
Case Study on Revival Of A Company Under The Companies Act, 2013 Read More »
Background The Indian Stamp Act 1899 was implemented by British Government to generate revenue for the Government. Stamp duty is a tax that is levied on single property purchases or documents (historically, this included the majority of legal documents such as cheques, receipts, military commissions, marriage licenses and land transactions.) A physical stamp (a revenue …
Foreign Direct Investment (“FDI”) can be from Overseas Individuals, Foreign Companies or Foreign Institutional Investors under Automatic Route or Government Route. FDI is permitted in all sectors except for those contained in the prohibited list including atomic energy, betting and gambling, lottery business etc. FDI may or may not require prior regulatory approval depending on …
Amendment in the FDI rules to shield Indian Companies Read More »
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