Corporate Law Articles
How Many House Properties an NRI Can Own or Hold in India?
Foreign Exchange Management Act,1999 under section 6(3)(i)grants permission to RBI to prohibit,restrict or regulate acquisition or transfer of immovable property in India, by a person resident outside India. RBI pursuant to powers conferred under se
SARFAESI Act'2002: Boon For Banks Curse for Borrower
THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSESTS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 SARFAESI Act, as the name of the act suggests, deals with 3 matters: Securitisation [Sec 2 (1) (z)] Reconstruction of Financial Asset [Sec
Can NRI or PIO Remit Sale Proceeds of Inherited Immovable Property
Sale proceeds of any immovable property inherited by NRI / PIO from a person resident in India can be remitted abroad subject to a ceiling of USD one million per financial year subject to production of documentary evidence in support of inher
Can Resident Indians incorporate a Company/LLC outside India
I am being asked this query on almost daily basis by my friends and colleagues and all of them are of view that incorporation of Companies/LLC outside India is permitted in FEMA by RBI under Liberalised Remittance Scheme ,2004. To get the answer of
Prevention of Money Laundry Act 2002 : A Synopsis
Introduction Money laundering is beomcing a pervasive cocept may it be Developed country or Developing country. to curb this more and more countries now bringing suspicious transations unders the leagal scanner. Moeny is Behind all ill acts and wis
Inter company loans and investments
The provisions of section 370 and 372 have been combined with sec 372 A
Provision of Section 58A and Applicability to Private Co
IMPLICATION AND SUMMARY OF SECTION 58A TO PRIVATE COMPANIES:-
CLB granting injunctions under section 397/398?
Section 397/398 of the Companies Act, 1956 guarantees a right to the minority to approach the Company Law Board or the Tribunal seeking preventive and some remedial measures against the majority in the Company when there is an Oppression an
Alternate Director - An Overview
Alternate Director - An Overview According to the provisions of section 313 of the Companies Act, 1956, an Alternate Director is a person appointed by the Board if so authorised by the Articles or by a resolution passed by the company in the general
The Law of Arbitration and Conciliation (both Domestic & International)
The Arbitration and Conciliation Act, 1996 is the prime legislation relating to domestic arbitration, international commercial arbitration and enforcement of foreign arbitral awards and also to define the law relating to conciliation and for matters
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