I want to start industrial trading business in Mumbai.
Tell me basic procedure

I live in Tamil Nadu, India. Is it legal for me to buy a lottery ticket online from a foreign lottery website and pay with my Indian debit or credit card? If I win, what legal and tax consequences would there be when the prize money comes into my Indian bank account?

I've also seen reports of people in India winning prizes from foreign lotteries. If the purchase was not permitted, what consequences have such winners actually faced, or how are these cases usually handled by banks, the RBI, or the authorities? Are there any known cases or orders on this?

EPF full final rules waiting time period

A query regarding FCRA.
1. When we registered we had to upload affidavit of all members and their designation with notary ( format Proforma AA in portal which is to be edited by us)
2. When the signing authority had changed only their affidavit where to be uploaded last year.
3. This year again we have made changes in signing authority, but automatically each person formats gets generated with all details which is to be uploaded in portal back with notary.
My question is should we only upload the signing authority affidavit or all the members affidavit as it gets generated automatically according to change made by them.

A ESTABLISHMEN TAKE EPF REGISTRATION ON 25-01-2025. AFTER TAKING REGISTRATION NO RETURN WILL BE FILED
HOW TO FILE ALL PREVIOUS RETURN IN EPF PORTAL

Sir
Can a CA/CS/CMA Firm place their profile in a public website?
Does it amount to professional misconduct on ground of "advertising / soliciting to prospective clients?
Regards
Abhijit

Sir
One Pvt Ltd Company import spare parts from singapur. Latter it was found that a good number of spares are defective and so rejected. The indian company(importer) inform the Singapur Company about this fact.The Singapur company in turn wave the entire sale price due from Indian Pvt company(importer).
My query is what is the compliance required to comply under RBI/FEMA exclusively?

There is no problem in compliance in accounts and Income Tax Part .
Regards
Abhijit

Sir
One govt corporation (say A)given a building to another Govt owned corporation(say B) on permissive possession basis.
'A 'claim rent on that building given to 'B'.
My query is can A claim rent from B on that building given on permissive possession basis?
If they claim 'Rent' can it be treated as 'Rent''?
Actually what is the legal status of 'Permissive Possession'?
Regards
Abhijit

I am planning to incorporate an LLP in Gujarat to operate three distinct, non-related business verticals: a Travel Agency, a Cloud Kitchen, and an E-commerce business (Selling products on Amazon/Flipkart). All three will be managed by the same partners under a single parent entity.
My accounting firm has advised that it is not legally possible to run such non-related businesses under one LLP and recommends incorporating three separate LLPs instead.
I need clarification on the following:
1. Is there any specific provision in the LLP Act, 2008 that prohibits a single LLP from carrying out multiple unrelated business activities if they are all explicitly mentioned in the Object Clause of the LLP Agreement? [1, 2]
2. If I include all three activities in the 'Main Objects,' will the MCA (Ministry of Corporate Affairs) typically reject the incorporation for lack of interrelation? [1]
3. Operationally, can I use a single PAN to obtain multiple GST registrations (different vertical-based GSTINs) for these distinct activities under one LLP? [1]

Dear Sir,
My Grand father did Investment in financial company in 1985 in Jersey UK. now that company is liquidated and I have received some fund as dividend and big amount of fund as shareholder's stake agaist investment in India . I am resident Indian.

We had intimated to RBI in 1985 about our investment and RBI issued us certificate in 1985 for said investment.

My bank is not crediting fund in my Bank account and asking to submit FC form . I have submitted all document which is proving our investment did in 1985.

I have checked on google FC form is not applicable to me. Just my bank (AD) has to inform RBI about received fund only.

Please advise whot process I have to follow up?

Thanking you
Girish Limbachiya