Which ITR Form should you file ?

Return Form with Brief Description ITR – 1 For Individuals having Income from Salaries, one house property, other sources (Interest etc.) and having total income upto Rs.50 lakh ITR – 2 For Individuals and HUFs not carrying out business or profession under any proprietorship ITR – 3 For individuals and HUFs having income from a proprietary Read more about Which ITR Form should you file ?[…]

Foreign and Indian Entities can merge with prior approval from RBI

MCA on April 14, 2017 has notified Section 234 of Companies Act, 2013 and issued rules thereunder, thus paving way for merger and amalgamation of a foreign entity with an Indian entity and vice-versa. What is the new Rule 25A about? Mandatory Prior Approval from RBI for a foreign company incorporated outside India, to merge Read more about Foreign and Indian Entities can merge with prior approval from RBI[…]

Amendment to Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2017

MCA has notified the amendments to the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2017 which shall come into force from the date of notification. In the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, (hereinafter referred to as the principal rules) after Rule 25, Rule 25A shall be inserted which provide for Merger or Amalgamation of a Foreign Read more about Amendment to Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2017[…]