Pankaj Tyagi

Identifying a perfect business structure is one of the most daunting challenges faced by new startups. Whether you want to avail higher ROI or avert tax liabilities, you must have sufficient knowledge about the different business structures to reap those benefits. This blog will draw your attention to the concept related to Proprietorship Firm vs […]

Every business needs funds to ensure seamless growth and consistent prosperity. The procurement of funds is a daunting task, and its quantum depends on the structure of the business. While starting a business, an individual comes across tons of parameters, including business structures that may negatively impact their ROI. Thus selecting the right structure can […]

Companies in India usually differentiate by two categories, i.e., a public limited company and a private limited company. As per section 2(68) of Companies Act, the private company is the entity whose Article of Association (AOA) refuses the transferability of shares in any given state. It means that shares of the private companies are isolated […]

As per the provisions under section 10 of the Foreign Exchange Management Act, 1999, any firms that want to engage in money changers activity must obtain a Full Fledged Money Changer License in India. FFMC license comes with additional obligations that need to be catered as per the given provision. If any FFMC struggles to […]

On March 9, 2017, RBI announced the inclusion of the section 69SS and 269T to NBFCs. These sections were incorporated with an end goal to control the illegal cash procurement via falsified cash transactions. Before we clarify the fundamentals of Section 269SS and 269T and their impact on NBFC, let us shed some light on […]

There are so many business owners out there who have no idea which business organization should they opt to reap more ROI. While starting up a business, one has to choose between Private limited company and LLP registration. A business motive becomes unachievable if an incorrect business organization was chosen. Hence, an individual or group […]

Every organization needs to procure capital to execute their day to day operations or accomplish their long-term goal. Credit and loans are enough to cater to the short term needs of the company. Meanwhile, the long-standing requirement seeks more capital. When it comes to the private company, such demand can open up an opportunity to […]

Small finance banks primarily set up to support the under-privileged section of the economy, which often fails to avail of the benefit of major banks. Such banks emerge as an excellent platform for those lacking in financial prowess and don’t have access to major banks. These commercial houses primarily support small scale enterprises, small farmers, […]

FFMC license serves those corporates who are willing to take part in the money-changing activity in India. The cross-border monetary exchange comes under the strict provision of law, and it can only be conducted when a company acquired an FFMC license. Full Fledged Money Changers (FFMC) based entities do their business as per the RBIs […]

The amount of gain or profit generated from the sale of the capital asset is known as a capital gain. This profit or gain, in general, is treated as income; therefore, it is exposed to tax deductions that need to be paid out in the year in which transfer of the capital took place. It […]

Recently, MCA has deployed an e-form on its website, which has to be filled voluntarily by the company’s signatory for ensuring their commitment towards Compliance with the recent guidelines implemented in the context of COVID-19. The filling up this form is not mandatory but crucial for those who want to work in tandem with COVID-19 […]

A tax residency certificate (TRC) is needed to verify which country you are a tax citizen of. The TRC is a must-have authorization for those who possess strings of income sources in more than one country. Regardless of what tax residency you represent, your income will be taxable in either country, as per their domestic […]

In financial terms, the buying of NBFC seldom refers to the acquisition of a corporate, whether by approval, wherein the seller is ready to give to complete possession of the asset to the buyer.  Overview on Buying and Selling of NBFCs Whenever the seller transfers all the assets and liabilities to the buyer, the seller’s […]

It’s a well-known fact that RBI has rendered their permission to NBFCs to diversify its footprint in the insurance business. NBFCs gain this authorization under the light of their success in the Indian financial markets that they have reaped over the years. However, NBFCs haven’t got permission to operate in an independent framework yet. Instead, […]