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Regulatory Compliance for Wholly Owned Subsidiaries (WOS) of Foreign Companies in India

Posted by Affluence Advisory 06 March 2025 585 Views

Wholly Owned Subsidiaries (WOS) provide an effective means for foreign entities to establish their operations in India. A WOS is a company where the entire share capital is held by a foreign parent company, allowing for complete control over the Indian operations.



Monthly Remuneration to Non-Executive Directors, permissible?

Posted by Affluence Advisory 28 February 2025 523 Views

Let's find out whether it is permissible for a company to pay monthly remuneration to its NED?



Capital Levels of Banks and NBFCs: Resilience amid Stress Scenarios

Posted by Affluence Advisory 26 February 2025 128 Views

The Reserve Bank of India’s (RBI) recent stress test results reveal a robust financial system, with capital levels at banks and Non-Banking Financial Comp



Agreement to Sell vs. Sale Deed - Key Differences & Legal Insights

Posted by Affluence Advisory 22 February 2025 513 Views

The terms "Agreement to Sell" and "Sale Deed" are used very loosely and sometimes interchangeably, not only in conversations but also during negotiations and documentation/s.



Compounding Regulations under FEMA

Posted by Affluence Advisory 20 February 2025 266 Views

Compounding of contraventions is a voluntary process where an individual or entity admits a contravention under any provision of law and seeks to settle the matter by paying the compounding fees, thus avoiding lengthy legal proceedings and hefty penalties that arise due to the committed contraventions.



Practising Company Secretary - A Versatile Professional

Posted by Affluence Advisory 15 February 2025 347 Views

In this article, we shall be discussing the plethora of services that a company secretary can render and the forums wherein he can appear and represent a client.



Does Section 203 cover Private Companies?

Posted by Affluence Advisory 12 February 2025 229 Views

While Section 203 is the primary operational provision, the definition in Section 2(51) serves solely to define the meaning of the expression of Key Managerial Personnel (KMP).



TReDS Mandate Extended: A Boost for MSMEs with a Lower Turnover Threshold

Posted by Affluence Advisory 11 February 2025 806 Views

In a landmark decision announced on 7th November 2024, the MSMEs has issued a notification mandating specific categories of businesses to register on the Trade Receivables Discounting System (TReDS) platform.



From Parliament House to Fort

Posted by Affluence Advisory 10 February 2025 117 Views

The Government Budget was fiscally prudent and has not deviated from fiscal consolidation and its target. This budget has been cheered by tax-paying individuals, but the markets have given it a neutral view.



Partnership Firm Registration Process Simplified

Posted by Affluence Advisory 06 February 2025 945 Views

A partnership firm is a business structure created by two or more individuals who mutually agree to share the profits and losses of a business operated by all or any of them on behalf of the others.




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