Ease of doing Business' tops the list of current Government's incentives for both domestic and foreign companies having business presence in India. The Company Law 2013, has increased disclosure reporting requirement, promoting self-regulation and stringent penal consequences for defaults. Therefore, it is very important for businesses to be compliant with all regulatory laws. It is essential that effective processes are set in motion and regularly monitored at all times.
The Union Budget 2017-18, fourth budget under the Narendra Modi Government, was presented by the Hon'ble Finance Minister Arun Jaitley on February 1, 2017. Budget 2017 was marked by historic economic policy developments in the midst of mid-year GST roll out, and demonetization.
Corporate Managing Directors / Finance Controllers might have been hearing lot of buzz over the last few months relating to the mandatory requirement of having Internal Financial Controls in place. This bulletin seeks to cover an insight in simple words, into What are Internal Financial Controls, Objective of such controls, Is it necessary to have such Controls in place, Audit Requirements, Our View on the matter and How We Can Help.
Indian Startup environment has kicked-off in the recent years by young Entrepreneurs unleashing a wave of private equity investments and evolving technology. Given the complex yet progressive Indian regulatory environment, it is extremely important for early stage companies to have the right compliance systems in place since inception to avoid the hassles of disputes with Government authorities in future.
Foreign investments are a vital part of a country's economy. Government of India has formulated the consolidated Foreign Direct Investment (FDI) Policy and other investment policies, with an intent to promote foreign investment in the country. This article highlights various ways in which foreign companies may enter India and start business in various forms of entities and the procedure and compliances required for incorporation of such entities.
Copyright 2017, KrayMan, All Rights Reserved.