Foreign companies generally enter into India by way of liaison office, branch office or wholly owned subsidiary or joint venture. Some of the features of each structure are as follows: a. A foreign body corporate may open a liaison office in India i. to represent the parent company/group companies in India ii. to promote export/import from/to India iii.to promote technical/financial collaborations between parent/group companies and companies in India or iv. to act as a communication channel between the parent company and Indian companies. However, liaison offices are not allowed to carry on any business or earn any income in India ...
Court fee, Process fee and copying fee are the three main kinds of fee to be paid in courts. Court fee is to be paid under the provisions of Bombay Court Fee Act. For certain matters fixed court fee is required. One may refer Schedule II of the said act to see requirement of fixed court fees. For the purpose of court fee while filing of suits, one has to pay fee as per schedule I of the said Act in which requirement of court fee on the basis of valuation of the matter is given. As regards process fee, ...
Criminal case is a case for violation of act prohibited by law for which punishment of impressionment / fine is prescribed.
The case seeking remedy with reference to the property and other civil rights given under any civil law is said to be civil case.
The cases are primarily classified in two classes viz. Civil and Criminal.
In terms of Section 171 of the CGST Act, 2017, the suppliers of goods and services should pass on the benefit of any reduction in the rate of tax or the benefit of input tax credit to the recipients by way of commensurate reduction in prices. The wilful action of not passing on the above benefits to the recipients in the manner prescribed is known as “profiteering”.
In India, bigamy is an offence against marriage and it is also criminal offence under Indian Penal laws. The bigamy law applicable to Hindus, Jains, Buddhists ,Sikhs,Parsis,Christians [except Muslims]. Bigamy is one of the ground to seek divorce under Hindu Marriage Act 1955.The second wife is entitlement for maintenance ,she is not entitle for property rights. In August 2009, the Law Commission of India recommended that bigamy should be made a cognizable offence. The Law Commission of India said in its 227th report to the government “Muslim law on bigamy is gravely faulty and conflicts with true Islamic law in ...
Your bank will assess your repayment capacity while deciding the home loan eligibility. Repayment capacity is based on your monthly disposable / surplus income, (which in turn is based on factors such as total monthly income / surplus less monthly expenses) and other factors like spouse’s income, assets, liabilities, stability of income etc. The main concern of the bank is to make sure that you comfortably repay the loan on time and ensure end use. The higher the monthly disposable income, higher will be the amount you will be eligible for loan. Typically a bank assumes that about 55-60 % ...
The term “Hindu” in post-independence Hindu law governing marriage, divorce, adoption, maintenance, guardianship and succession, describes not only persons who are Hindu by religion, but also those who are Sikh, Buddhist, and Jain. Roughly speaking, the term “Hindu” encompasses those Indians who are not Christian, Parsi, Muslim, or Jewish for the purposes of the law.
Prior to 18th of July, 2022, GST applied on specified goods when they were put up in a unit container and were bearing a registered brand name or were bearing brand name in respect of which an actionable claim or enforceable right in a court of law is available. With effect from the 18th July 2022, this provision undergoes a change and GST has been made applicable on supply of such “pre-packaged and labelled” commodities attracting the provisions of Legal Metrology Act, as detailed in subsequent questions. For example, items like pulses, cereals like rice, wheat, and flour (aata), etc., ...
Not less than Twenty Five Years of age on the date of scrutiny of nomination papers. (Refer : Article 84 (b) of Constitution of India and Article 173 (b) of the Constitution read with Sec. 36 (2) of the Representation of People Act, 1951.)
In addition to all legal documents relating to the house being bought, banks will also ask you to submit Identity and Residence Proof, latest salary slip ( Unknown date Unknown author Home Loan FAQ authenticated by the employer and self attested for employees ) and Form 16 ( for business persons/ self-employed ) and last 6 months bank statements / Balance Sheet, as applicable . You also need to submit the completed application form along with your photograph. Loan applications form would give a checklist of documents to be attached with the application. Do not be in a hurry to ...