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  • What you should know to be a Director in a Company [Whiteboard Friday]

    We are generally excited with the idea while floating a new company or joining an existing company as a Director. Since Director is an important position and comes with added responsibilities, it is important to understand its nature and also pre-requisites for the same.

    In this episode of eLagaan Whiteboard Friday, the eLagaan team talks about what it takes if you wish to be a Director in a Company. The new Company Law has specified multiple new conditions and checks to ensure only right people act as Directors in Companies. The video also covers on other financial aspects and reporting norms to be followed and complied by Directors.

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  • Converting a Private Limited into LLP [Whiteboard Friday]

    Till some time back Private Limited was the only available choice for incorporating limited liability business in India. Now we have LLP as another choice. Many businesses which had to incorporate as Private Limited but are more suited in LLP form can look to migrate/ convert to LLP thereby reducing various compliance and reporting requirements associated with a Private Limited Company.

    In this episode of eLagaan Whiteboard Friday, the eLagaan team talks about how to go about converting a Private Limited into a LLP. It also looks at various tax and compliances that needs to be complied with, various restrictions the law imposes post conversion and possible areas which needs to be thoroughly examined before taking a call to convert.

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  • Converting General Partnership Business into Private Limited [Whiteboard Friday]

    General Partnership is an unlimited liability form of doing business. As business grows, it may make sense for existing Partnership to convert to a better structure like Private Limited so as to get more flexibility and limit Promoter’s liabilities.

    In this episode of eLagaan Whiteboard Friday, the eLagaan team talks about how to go about converting a Partnership into a Private Limited Company. It also looks at various tax and compliances that needs to be complied with, various restrictions the law imposes post conversion and possible areas which needs to be thoroughly examined before taking a call to convert.

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  • Converting a Partnership into LLP [Whiteboard Friday]

    General Partnership is an unlimited liability form of doing business. As business grows, it may make sense for existing Partnership to convert to a better structure like LLP so as to limit Promoter’s liabilities.

    In this episode of eLagaan Whiteboard Friday, the eLagaan team talks about how to go about converting a Partnership into a LLP. It also looks at various tax and compliances that needs to be complied with, various restrictions the law imposes post conversion and possible areas which needs to be thoroughly examined before taking a call to convert.

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  • Starting a Liaison Office in India [Whiteboard Friday]

    Foreign companies looking to do business with India may need an office to promote the imports/ exports or to represent them in a better fashion with customers and suppliers. In scenarios where only a base is needed to promote various activities and communication exchange, it is advisable to setup a Liaison office in India which offers multiple relaxations from local taxes and compliances.

    In this episode of eLagaan Whiteboard Friday, the eLagaan team talks about how to start a Liaison office in India. It also discusses about various requirements to setup such office, rules, laws, taxes and compliances associated and repatriation of Profits/ Surplus from the operations.

     

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  • Starting a Branch Office in India [Whiteboard Friday]

    Foreign companies who wish to operate in India, need to open a Branch office for conducting business. The other form of doing business in India is through a joint venture or a subsidiary route. Branch office offers repatriation benefits.

    In this episode of eLagaan Whiteboard Friday, the eLagaan team talks about how to start a Branch office in India. It also discusses about various requirements to setup such office, rules, laws, taxes and compliances associated and repatriation of Profits/ Surplus from the operations.

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  • Type of Shares/ Securities for Private Limited Companies [Whiteboard Friday]

    A Private Limited Company offers multiple instruments to bring investments, share wealth and raise monies for various business needs.

    In this episode of eLagaan Whiteboard Friday, the eLagaan team talks about various types of shares or securities available to companies, their features, scope and limitations so that promoters can take an educated call as to what securities should be used while raising money or sharing wealth with different stakeholders.

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  • Hiring An Intern, A Legal Perspective [Whiteboard Friday]

    Almost every company hire interns. They provide a great way of identifying talent, luring them, handling temporary work loads, save costs, propagating company culture and values among upcoming generations etc. The Law, however, recognises a certain set of people only as Interns and extends facilities to promote their hiring. It also offers relaxations on multiple taxes and compliances.

    In this episode of eLagaan Whiteboard Friday, the eLagaan team talks what set of people can only be treated as Intern from legal perspective. You are free to designate anyone as Intern in your company, but then the relaxations and advantages extended by Law cannot be applied on these cases. It also covers, what steps you should follow to permanently hire allowed Interns in your company.

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