Raja Rajeswari S
22 January 2010 at 13:13
What is the procedure to get registration under Customs by partnership firm engaged in manufacturing and exporting of engineering goods where one of the partner is a foreigner(not NRI) with 50% capital contribution?
regards
nishil khona
21 January 2010 at 23:07
i'm opening a network marketing company and want a good advocate from mumbai who is experienced in this field and can help us with all the legal aspects.
pls advocates reply back
Raja Rajeswari S
20 January 2010 at 13:19
Kindly clarify over the following:
FEMA regulations:
1.Investment in Partnership Firm / Proprietary Concern
A Non-Resident India17(NRI) or a Person of Indian Origin18 (PIO) resident outside India can invest by way of contribution to the capital of a firm or a proprietary concern in India on non-repatriation basis provided;
i. Amount is invested by inward remittance or out of NRE / FCNR(B) / NRO account maintained with Authorised Dealers / Authorised banks.
ii. The firm or proprietary concern is not engaged in any agricultural / plantation or real estate business (i.e. dealing in land and immovable property with a view to earning profit or earning income there from) or print media sector.
iii. Amount invested shall not be eligible for repatriation outside India.
2.Investments with repatriation benefits
NRIs / PIO may seek prior permission of Reserve Bank19 for investment in sole proprietorship concerns / partnership firms with repatriation benefits. The application will be decided in consultation with the Government of India.
3. Investment by non-residents other than NRIs / PIO
A person resident outside India other than NRIs / PIO may make an application and seek prior approval of Reserve Bank20, for making investment by way of contribution to the capital of a firm or a proprietorship concern or any association of persons in India. The application will be decided in consultation with the Government of India.
I) As per the above clause 2, what is the procedure( forms to filed) to get approval from the GOI to avail the repatriation benefits by NRI/POI? Can he repatriate the income earned over the investment without any GOVT approval?
II) As per the above clause 3, what is the procedure( forms to filed) to get approval from the GOI to enalbe a person outside India other than NRI/POI to invest in a partnership concern in India? Can this guy repatriate the invsetment and earnings without Govt's approval? If not, how to get permission for such repatriation?
kindly brief me the procedure to get approval for the above two cases .
regards
RAJA RAJESWARI S
Suwarn Rajan
20 January 2010 at 11:28
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Raja Rajeswari S
19 January 2010 at 19:24
1)Can a person other than a NRI/POI make investment in india by way of capital contribution in a partnership firm? If so what is the procedure to get approval?
2)CAn above person repatriate the invsetment and the income earned over it? What is the procedure to get approval for the above?
3)CAn the above person give funds in the form of loan to the partnerhip firm in India? If so, how to proceed to get such loan and what interest should we pay and what are the pay channels?
Kindly clarify
regards
Milind Joshi
19 January 2010 at 17:45
As per the amendment in Section 202 of CR.P.C. Following insertion is made" and shall when accused is residing at a place beyond the are in which magistrate exercises his jurisdiction". Now as per this amendment Whether it is incumbent upon magistrate to compulsorily postpone the issue process or if a material before him is like such in a case when offence committed can be seen prima facie and accused is beyond the jurisdiction. Whether Magistrate can pass an order of issue process when he has satisfied primarily when accused is beyond the jurisdiction instead of sending it for investigation or the word shall denotes that he must send it for investigation. What is scope of words in the section "Sufficient Grounds"? Are there any case laws after the amendment of 2005 which says magistrate can pass an order of issue process directly instead of postponement of issue process, when magistrate is satisfied prima facie. Please send me the Object of said amendment of 2005 also.
ABHINAV JAIN
19 January 2010 at 16:53
Interpretation of section-20 of the Rajasthan motor vehicles taxation act,1951.?
Whether a state can levy taxes for using certain bridges, roads, etc..?
In my view it is the sovereign function of the state to provide for better facilities etc. etc..
However the accepted view is that in order to maintain such bridges, roads etc. expenditure is incurred and to maintain the same levy of toll-tax is correct.
please clarify before 20-01-2010; 09:30am
jayadevan iyer
19 January 2010 at 12:42
CAN ANYBODY HELP ME BY POSTING A BOND AGREEMENT BETWEEN EMPLOYER AND EMPLOYEEFOR 3 YEARS.
Rama mohan Acharya
16 January 2010 at 15:48
Can any body help me by provoding a copy of the judgement in SLP 15345/1987 in the matter of North East railway employees federation, Gorakhpur wherein it was held that if any tenure is fixed in constitution for conducting of Executive committee elections then the old Executive Committee becomes defunct on expiry of that period and is not competant to carryout the work of the union.
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Excise duty on Ayurvedic Product
Dear Sir
As per below links appears that as per supreme court no Excise duty applicable on Ayurvedic Medicines
1) parliamentoindia.nic.in
2) timesofindia.indiatimes.com/articles/ msid-1447233
3)www.business-standard.com/india/news/no-dutyayurvedic-medicine
Please reply me so that we can follow as per rules.
thanking you