My client is having a statue of non resident wish to transfer their shareholding in Indian private company to another NRI.
1. whether the transaction comes under automatic route..??
2. whether there is any restriction on fixing transfer price of shares..??
3. Whether the payment/receipt on account of this transaction can be done abroad..?? any intimation to be given to RBI..???
4. What will be the tax applicable...??

Please reply.. its urgent...

My client is having a statue of non resident wish to transfer their shareholding in Indian private company to another NRI.
1. whether the transaction comes under automatic route..??
2. whether there is any restriction on fixing transfer price of shares..??
3. Whether the payment/receipt on account of this transaction can be done abroad..?? any intimation to be given to RBI..???
4. What will be the tax applicable...??

Please reply.. its urgent...

Dear Experts,

In a Partnership firm, there were 3 partners. out of which one partner has expired. What deed should I make?
In earlier deed it is mentioned that in case of death of partner, the partnership firm will not dissolve. it will be carried by continuing partners.
Can you please provide me the format of partnership deed in case of death of a partner.

Dear sir,
In case of a new company
What can be the attachment in case office is owned by another entity Please help it's urgent

Thanks & Regards

Is e-payment of professional tax is compulsory. If yes then what is the procedure. Please reply me. thanks in advance

A private company(incorporated in 2011) is dealing in fancy jewellery in india having 2 directors - NRI husband and his Resident wife
Most of the jewellery is purchased from china and gulf
The director (NRI in dubai) often pays for this jewellery directly from his own bank account in the gulf
These purchases are accounted in the companys books by debiting puchases and crediting Directors loan account
Is there any violation of FEMA/ RBI regulations in this?

Loan outstanding is 29 lakhs which consist of pyment for purchases accounted and also transfer from Directors NRE bank account to company bank account for meeting expenses

is there any violation in making payment by the director for the companys purchases?
Is there any maximum period for such loan?
Are funds transferred from NRI directors NRE bank account to company bank account to meet expense in order or is there any FEMA violation in ?

Hi Friends...

can u please provide me the complete procedure of registration under shop & registration act,1954 (Delhi).

I have gone through the site and got the Form-C. After that what i need to do???
should the need to submit some document or wat.

Please Reply

Dear Sirs,

I have certain doubts about gratuity act, kindly clarify.

As per Gratuity Act an employee to be eligible for gratuity has to work for a minimum of 240 days / year.

1. Kindly let me know from which date 240 days would be reckoned (starting from the date of joining or from calender month in which the employee has joined).

2. If an employee has worked for 7 years, out of which in 3 years he has worked for less than 240 days (calculated as per the Act), would he be paid gratuity for 4 year only.

3. For calculating no. of working days as above whether leave days without wages would be considered.

Thanking you in anticipation.

Best Regards

section 34 (1) ?

Dear All
I need NIC code for the district where the project is located to fill the Form FC-GPR.
I only found NIC code for the business activity. From where can i get the NIC code for dstrict.?

Thank you.