FEMA contains separate and distinct provisions to determine residential status as compared to Income Act, 1961. Therefore, a person may qualify as resident under FEMA and he may not qualify as resident under Income Tax Act, 1961.
FEMA has divided persons in following 2 parts:
Person resident in India
Person resident outside India, who is citizen of India i ...
Shareholders are owners of the company as they invest money into company and are interested in financial position of the company. Companies Act, 2013 specifies multiple decisions which are to be taken by members in Annual General Meeting (“AGM”) or Extra-ordinary general (“EGM”) meeting either through special resolution or ordinary resolution or any other specified manner.
If majority of shares are held by any person or particular group of persons then such person or group of persons will become deciding authority by usi ...
Satisfied Users & 
Approved Press Releases
