Under the group-level thresholds, what are the enterprises whose assets and turnover are considered for testing of threshold prescribed under the Section 5 of the Act?
Under the enterprise-level thresholds, which are the enterprises whose assets and turnover are considered for testing of thresholds prescribed under the Section 5 of the Act?
Anybody has knowledge a incorporation of MLM company.
As while applying Name of the LLP, I got Re-submission
"Multi level Marketing", Direct sales associates, pyramid structure scheme and other similar activities cannot be done. Please refer RBI press Release 2014-2015/1383 dated 01.01.2015.
Please help me in this regard
Dear friends ,
what is the meaning of "By virtue of exercise of significant influence (attach copy of agreement)" .
i have a client which is a private Limited co and it is a 100% subsidiary to a foreign Co. The shareholders of the foreign co are again body corporates registered abroad and 2 individuals. these 2 individuals are holding at holding co level 3 , 11.01% and 12.18% shares.
should we take BEN 1 from these 2 individuals for holding these shares at H 3 Level ? AND
in the Indian Pvt Co, these 2 individuals are directors and one of these 2 is normally the chairman for all board meetings and general meeting/s, Besides there is a whole time director who is a resident in India. so would this attract "By virtue of exercise of significant influence (attach copy of agreement)"
learned members , please share your views of the above.
CS. R. Mohan
Is acceptance of money under Money Circulation/Multi-level Marketing/Pyramid structured schemes allowed? Does RBI regulates such schemes?Click here to view / answer Share it on
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