Section 2(14) of the Companies Act, 2013 defines “branch office”. It states that branch office in relation to a company, means any establishment described as such by the Company. The provisions for Appointment of Branch Auditor by a Company are given under Section 143(8) and Rule 12 of[...]

Section 123 of the Companies Act, 2013 (the Act) and the rules made thereunder deals with declaration of dividend. Section 123(1) of the Act provides that, Declaration of Dividend No dividend shall be declared or paid by a company for any financial year except — out of the[…]

A Service to preserve, protect and retrieve your company’s data virtually Businesses often face challenges in storing legal and compliance documents physically, with proper security and confidentiality. Such documents may need to be retrieved on the spur of the moment. Often, the storage of such documents becomes too[...]

Legal provisions of the Bonus Issue Section 63 of the Companies Act, 2013 provides about ‘Issue of Bonus Shares’. It states that – (1) A company may issue fully paid-up bonus shares to its members, in any manner whatsoever, out of— (i) its free reserves; (ii) the securities premium account; or (iii) the capital[…]

Consolidated FDI Policy by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry Following are relevant provisions of FDI policy of DPIIT in respect of trading activity: 100% FDI under Government approval route is allowed for retail trading, including through e-commerce, in[...]

Are you  planning a holiday abroad ? Are you wondering how much currency you can carry with you? What are the allowed expenses on a foreign tour? Or maybe your child is going for education abroad. How you are going to fund him? Can you invest in foreign[...]

Debentures are debt instruments which may or may not be secured. It is a means of raising finances, one of the most common forms of long-term loans. But still, it is not a loan, as the names suggest, convertible debentures are instruments that gets converted into shares of[...]