Does anybody has 4-5 years old section 8 microfinance company
State can be Delhi, Haryana or Rajasthan
Name must include "Microfinance"
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?
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/-)
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 ??
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
Please anyone share rate of stamp duty for share certificate in Kolkata, West Bengal.
Can anyone help me with the name approval of section 8 microfinance? Objection raised by CRC due to small finance objects.
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.
Required furnish Share certificate template in word version with the counter acknowledgement which will be tear up by the company for there internal record.
Compliance Calendar LLP is Recognised as Startup by DIPP Under Ministry of Commerce & Industry, Government of India
Yes, Foreign Direct Investment (FDI) is allowed in the Non-Banking Financial Company (NBFC) sector subject to certain conditions and restrictions. The regulatory framework for FDI in NBFCs is governed by the Foreign Exchange Management Act (FEMA), 1999, and the regulations made thereunder.
As per the current FDI policy, 100% FDI is permitted under the automatic route in certain types of NBFCs, such as those engaged in the activities of asset finance, credit card business, infrastructure finance companies, and microfinance activities. However, for other types of NBFCs, such as those engaged in the activities of investment and credit, approval from the Reserve Bank of India (RBI) is required for FDI.
The RBI has also prescribed certain minimum capitalization norms for NBFCs with foreign investment, depending on the type of activity and the nature of the investment. Additionally, NBFCs with foreign investment are required to comply with the various prudential and regulatory guidelines issued by the RBI from time to time.
In summary, FDI is allowed in the NBFC sector, subject to certain conditions and restrictions. The type of NBFC, the activities undertaken by the NBFC, and the amount of foreign investment are important factors in determining the regulatory requirements for FDI.