Legal & Financial Consultants
Introduction Joint ventures (JVs) can be powerful engines for business growth, allowing companies to pool resources, share expertise, and tackle ambitious projects. However, like all partnerships, JVs can reach a point where dissolution becomes the most sensible path forward. This comprehensive guide will explore the concept of joint ventures, their various forms, and the legal … Continue reading “A Guide to Joint Venture Dissolution in India”
Introduction In the corporate world, the term “company ownership” can sometimes be a bit nuanced. While simply holding shares in a company certainly makes you an owner in a broad sense, your actual influence and decision-making power are intrinsically tied to the proportion of shares you possess. Effective businesses thrive on clear leadership and a … Continue reading “Unpacking Company Ownership: Is 51% Stock Always the Key to Control?”
Introduction India’s tax system operates primarily based on an individual’s or company’s residency status. Understanding these rules is crucial for anyone earning income within or from India. This guide will demystify the concepts of tax residency, explaining how it impacts your tax liability and what criteria are used to determine your status. The Indian financial … Continue reading “Navigating Tax Residency in India: A Comprehensive Guide”
Introduction For a long time, the Indian real estate sector was plagued by various issues. One of the biggest headaches for homebuyers has been the significant delay in getting possession of their homes, even after paying a large chunk, sometimes up to 90%, of the property’s cost. The distress caused by such delays, which can … Continue reading “What to Do When Your Property is Delayed Under RERA”
Introduction In a world where life can take unexpected turns, making proactive decisions about your future is an act of empowerment. While many are familiar with a “Will” as a document for distributing assets after death, India’s legal landscape offers two distinct yet equally vital tools for safeguarding your autonomy and ensuring your wishes are … Continue reading “A Comprehensive Look at Living Will and Traditional Will in India”
Introduction In India’s dynamic economic landscape, transactions involving foreign companies and non-resident individuals are common. To ensure efficient tax collection from such cross-border payments, the Indian tax system employs a crucial mechanism known as Withholding Tax (often referred to as Tax Deducted at Source or TDS). This guide aims to demystify withholding tax in India, … Continue reading “Indian Withholding Tax Explained: Implications for International Businesses and Non-Residents”
Introduction The tapestry of Indian society is rich and diverse, a characteristic that extends to its legal framework, particularly concerning family matters. Unlike many nations with a single set of laws for all citizens, India operates largely under “personal laws” that are guided by religious customs and traditions. This leads to varying inheritance rights for … Continue reading “Inheritance Rights for Adopted, Illegitimate, and Stepchildren in India”
Introduction In today’s dynamic business environment, companies often seek ways to protect their valuable assets, including confidential information and client relationships. One common tool used to achieve this is the non-compete agreement. Essentially, this is a contractual arrangement where an employee agrees not to engage in activities that would directly compete with their employer after … Continue reading “Understanding Employee Non-Compete Clauses in India”
This article delves into the intricacies of Goods and Services Tax (GST) as it applies to transactions within India’s real estate sector. Readers will gain a thorough understanding of the tax framework impacting both purchasers and developers in property dealings. We will explore when GST becomes applicable to different property types, examine the rules surrounding … Continue reading “Navigating the GST Landscape in Indian Real Estate: A Comprehensive Guide”
This article delves into the intricate regulations governing the sale and acquisition of immovable property transactions in India by Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and foreign nationals. It outlines the permissible transactions, scenarios requiring Reserve Bank of India (RBI) approval, and the significant legal ramifications of non-compliance, drawing insights from key legislative … Continue reading “Property Transactions in India by Foreign Nationals: RBI Regulations and FEMA Guidelines”