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Foreign Direct Investment (FDI) in Limited Liability Partnership (LLP)
Company Law
CA. Kapil Mittal

Foreign Direct Investment (FDI) in Limited Liability Partnership (LLP)

Foreign Direct Investment (FDI-LLP) in Limited Liability Partnerships (LLP) formed and registered under the Limited Liability Partnership Act, 2008 is governed under Foreign Exchange Management (Non-debt Instruments) Rules, 2019 which have superseded Foreign Exchange Management (Transfer by Issue of Security by a Person Resident outside India) Regulations, 2017 vide Notification S.O. 3732(E) issued by Ministry of Finance (Department of Economic Affairs).

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Procedure Of E-Invoice Generation Under GST | Brief User Manual Tax Invoice
Goods and Service Tax
CA. Kapil Mittal

Procedure of E-Invoice Generation under GST | Brief User Manual

e-invoicing is a process of uploading details of an already generated invoice on the GST portal and generating an Invoice Reference Number (“IRN”) for such invoice. Idea behind e-invoicing is one time registration of invoices on GST portal so that it can be used for multiple purposes.

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Foreign Owned or Controlled Companies (FOCC) under FEMA
FEMA
CA. Kapil Mittal

Foreign Owned or Controlled Companies (FOCC) under FEMA

Foreign investors are more inclined toward options where they have complete control over the entity and also such entities can enjoy benefits as domestic companies. FOCC has become a wonderful source of investment for such investors. FOCC can conduct business in India as a domestic company.

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Clarification on Demand & penalty on fake invoices| Circular No. 171/03/2022-GST
Goods and Service Tax
CA. Kapil Mittal

Clarification on Demand & penalty on fake invoices| Circular No. 171/03/2022-GST

Department received various representations from the trade as well as the field formations seeking clarification on the applicability of demand and penalty provisions on transactions involving fake invoices. Understanding the severity of this issue, the Department issued the following clarification that how demand and penalty provisions on such transactions will apply to vide Circular No. 171/03/2022-GST dated 6th July 2017.

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All about Form LLP-I
FEMA
CA. Kapil Mittal

All about Form LLP-I

Foreign Direct Investments are permitted under the automatic route in Limited Liability Partnerships (LLPs) operating in sectors/activities where 100% FDI is allowed through automatic route. FDI in LLP can be made through capital contribution. In this article, an intensive discussion has been carried out about reporting of FDI in LLPs through Form LLP-I.

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