firc issuance compounding
Dear All,
Does anybody has 4-5 years old section 8 microfinance company
State can be Delhi, Haryana or Rajasthan
Name must include "Microfinance"
company microfinance section
Hi,
The company is foreign subsidiary and wants to alter its MOA.
The nominee Director who is a subscriber to MOA on behalf of foreign company, is an NRI.
Is it mandatory to get the altered MOA Apostle?
Hello,
Will the FEMA Provisions get violated if the Company is registered as NBFC? pl guide
Dear Members,
We have planned to distribute educational equipment to underprivileged students studying in various levels.
The equipment purchase including GST ?
How do we treat the CST Contribution for Compliance ?
1. Purchase materials including GST and should not claim GST input
Ex:- CST Contribution is Rs. 1 Lakh
purchase material worth Rs. 1 Lakh (including GST 18,000/-)
or
2. Purchase the materials to the extent of Rs. 1 Lakh and pay GST 18% GST and total payout Rs. 1,18,000/-
Payout Rs. 1,18,000/- and claim 18,000/- the input tax credit ?
Which is the best practice of compliance ??
contribution under purchased goods treatment
I have Incorporated a new Company and I am in the Process to Open a Bank Account with HDFC BUT Bank Asking Minimum 25000 to Open a Bank Account but my Total Paid up Capital Itself is Rs. 5000 Only.
Can Director Deposit More than Actual Payable or how to Sort out this Issue Because when Filling Form 20 a Bank Statement is Required.
Please Help me in this Regard
Dear Members,
Please anyone share rate of stamp duty for share certificate in Kolkata, West Bengal.
Dear All
Can anyone help me with the name approval of section 8 microfinance? Objection raised by CRC due to small finance objects.
Dear all,
Plz share ur experience regarding LLP 3 approvals.... Generally what time ROC takes for approval. Because I filed LLP 3 for changing object of LLP at 10 days ago..and I haven't received any response from ROC yet. On MCA it's showing Pending for approval.
form 
In this case, if the AD bank has refused to issue the FIRC due to its internal policy or operational constraints, the company can approach the RBI for compounding of the violation. The company should provide all the necessary documents and information related to the FDI transaction, including the details of the investment, the remittance, and the reasons for the AD bank's refusal to issue the FIRC.
The compounding application should be filed with the RBI in the prescribed format along with the requisite fees. The RBI will review the application and determine the appropriate penalty based on the severity of the violation and other relevant factors.
It is important to note that the compounding process is voluntary, and the RBI may initiate legal action against the company for non-compliance with FEMA regulations. Therefore, it is advisable to ensure compliance with all the applicable regulations and guidelines related to FDI transactions and seek professional advice before initiating any such transaction.
Additionally, it is recommended that the company explore other options for obtaining the FIRC, such as contacting the AD bank again to resolve the issue or seeking the help of the RBI or other regulatory authorities.