|Minimum Average Maturity Period (MAMP)||MAMP for ECB will be 3 years. Call and put options, if any, shall not be exercisable prior to completion of minimum average maturity. However, for the specific categories mentioned below, the MAMP will be as prescribed therein:
NRE Certificate format required for filing on FIRMS (RBI)
Issue of shares under Employees Stock Options Scheme and/or sweat equity shares to person resident outside India
Can I receive payment from my clients in my bank account before applying for the commencement of the business certificate (Form INC 20A) ?Click here to view / answer Share it on
Will my company account get freezed if my client didnt filed INC 20A : Commencement of Business within 180 days from the date of incorporation?Click here to view / answer Share it on
What is the remedial action in case of a company whose name is removed from the register of CompaniesClick here to view / answer Share it on
Can a Handicraft Manufacturer create a Producer company. If Yes, then No Agriculture certificate is require to attach as the producers are not farmers.
However while incorporation It mandates to upload RTC or Agriculturist Certificate issued by revenue officer.
Kindly Clarify instead of Agriculturist Certificate, can we attach the Handicraft Board issued certificate.
Please clarify will be waiting for the reply.
Can we pay salary to Non Executive Director?
We are Incorporating a Private Limited Company. A person has attained the age of 18 years on 2nd October 2020 (meaning he has completed 17 years on 2nd October 2020). Can we appoint him as the proposed Director cum shareholder of the proposed company?? Kindly advise.
Compliance Calendar LLP is Recognised as Startup by DIPP Under Ministry of Commerce & Industry, Government of India
Rule 2 (c) Deposit under co act 2013 – does not include
(ii) any amount received from foreign Governments, foreign or international banks, multilateral financial institutions foreign Governments owned development financial institutions, foreign export credit agencies, foreign collaborators, foreign bodies corporate and foreign citizens, foreign authorities or persons resident outside India subject to the provisions of Foreign Exchange Management Act, 1999 (42 of 1999) and rules and regulations made there under;
Loan from PRIO
Loan from members beyond permissible limit under Co. Act
Loan from Director / Relative of Director
Loan including Bank Loans ¡ Securitized Instruments & i¡ Non-convertible, Optionally convertible or Partially convertible Preference Shares / Debentures ¡ Buyers’ Credit / Suppliers’ Credit ¡ FCCB / FCEB ¡ Financial Lease
However, ECB framework is not applicable in respect of the investment in Nonconvertible Debentures (NCDs) in India made by Registered Foreign Portfolio Investors (RFPIs).