Employee Stock Option Plan (ESOP) is one of the old methods of acknowledging the contributions of employees in the company by giving them certain ownership in the company. Traditionally, ESOPs were issued to the senior employees of the companies to acknowledge their contribution in building companies.
OPC is one of the most opted forms of business as it gives all benefits of a private company such as limited liability, separate legal entity, better recognition, legal protections, more market accessibility, credits, etc.
CSR brings positive change to society and also builds customers’ trust as consumers feel that they are using the product or service of a socially responsible company and they feel attached and become supportive. In India, CSR spending constitutes up to 28% of philanthropic giving which is invested in education, livelihoods support, health sectors, etc.
Limited Liability Partnership is a new concept as compared to Companies and still it is one of the most used forms of business. With emerging use of Limited Liability Partnership (LLP), government is amending provisions of Limited Liability Partnership Act to bring the same in sync with business requirement. Government is also aligning provisions of the LLP Act with Companies Act as limited liability is a common feature in both forms of business.
Guidelines of professional conduct: Independent directors are part of the board itself and various committees like audit committee, risk management committee, etc, and hence, a participators in major working and decisions of a company relating to financial statements or financial transactions or legal and regulatory compliances, etc.
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Partnership Act, 2008 is governed under Foreign Exchange Management (Non-debt Instruments) Rules, 2019 which have superseded Foreign Exchange Management (Transfer by Issue of Security by a Person Resident outside India) Regulations, 2017 vide Notification S.O. 3732(E) issued by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).
Are you also thinking of taking your private company into a public company or you are confused that whether you should convert your private limited company into a public limited company? Well, this is a big decision
In some cases, NRIs want to incorporate a company in India with foreign directors only.
As per Section 149(3) of the Companies Act, every company shall have at least one director who has stayed in India for a total period of 182 days or more in the previous calendar year.
As per Section 185(2) of the Companies Act, A company is allowed to provide any loan or guarantee or any security in connection with any loan taken by any person in whom any of the directors of the company is interested.
By CA. Kavit Vijay
Last update on October 18,2022
Let us help you
Want to talk to us Leave your Name, email, Phone number along with what you are looking for in message box or you can call us at 011-41715118
Keep up to date — get updates with latest topics. Signup for our newsletter today.
We serve on FDI advisory, cross-border accounting, International tax planning and Management consulting needs of our overseas clients all over the world.
405-406, 4th Floor, Raja House, Nehru Place, New Delhi – 110019 011-41715118-19 email@example.com +91 9891576441, 9213397070, 9911887030