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CA VK Agrawal

Comparison between Liaison Office, Branch Office & Project Office

If you are starting a company establishment in India. For companies that are looking to establish a business presence in India, without incorporating a subsidiary, there are three ways to do it: Liaison Office or Representative Office Branch Office Project Office Liaison Office Companies who are incorporated outside India can open Liaison Office- also known as representative office in India. It is a place of business to act as a… Read More »Comparison between Liaison Office, Branch Office & Project Office

Equalisation Levy on E-Commerce and Specified Services

Over the last decade, Information Technology (IT) has gone through an exponential expansion phase in India and globally. This has led to an increase in the supply and procurement of digital services.  The Finance Act 2020 has now been amended to impose an Equalisation Levy of 2% on consideration received by ‘e-commerce operator’ for e-commerce supply of goods or service. While the levy was initially imposed on B2B transactions, the… Read More »Equalisation Levy on E-Commerce and Specified Services

Mandatory Reporting of Loan by all Companies

MCA vide notification dated 22nd Jan 2019 came with two additional reporting where it wants to know the information about outstanding receipt of money or loan by a company.  DPT 3 is a return of deposits that companies need to file to enounce the information about deposits and/or outstanding receipt of loan or money other than deposits. One-time Reporting – Every Company is needed to submit a onetime return for… Read More »Mandatory Reporting of Loan by all Companies

Conversion of Loan into Equity Share Capital of the Company

Conversion of loan into equity share capital is most credible method to raise capital without immediate investments. To carry out effortless and smooth business, at times, loan is converted into share capital. The new provisions of Companies Act, 2013 says that the conversion of loan into equity shares and the same are contained in section 62(3) of the said Act. The new provisions are effective from 1st April 2014. Current… Read More »Conversion of Loan into Equity Share Capital of the Company