Introduction The alternative investment fund is a fund that is invested in asset classes other than stocks, bonds, and cash. A fund will be classified as AIF, if following conditions are fulfilled: It is an “investment vehicle”; It is pooling funds from multiple investors; Funds are pooled other than by way of capital; There is… Continue reading Alternative Investment Fund (AIF) registration in India
Category: Allied Laws
MahaRERA Registration – List of documents required
In 2016, MahaRERA Act was enacted to provide much needed protection specifically to the buyers of real-estate properties. The law seeks to provide such protection through: (1) Ensuring Transparency & (2) Providing Redressal Mechanism In order to ensure transparency, the law provides for mandatory registration of a real estate project. Registration makes important set of… Continue reading MahaRERA Registration – List of documents required
What is EPF & the impact of Supreme Court ruling
INTRODUCTION: The Employee Provident Fund Scheme (“the EPF Scheme”) is the main scheme under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 and covers every establishment in which 20 or more persons are employed. However, certain organisations are covered, even if they employ less than 20 persons each. Once the establishment gets covered under… Continue reading What is EPF & the impact of Supreme Court ruling
REIT – Source of Funds for Real Estate Developers
REIT – A win-win for investors and developers Real Estate Investment Trust (REIT) is a concept modeled on the lines of Mutual Funds. It is a progressive instrument to mobilize savings of people and invest the same into development of Real Estate. REIT offers unique opportunity to retail investors to earn higher rate of returns… Continue reading REIT – Source of Funds for Real Estate Developers
GST compliant business may still be vulnerable to Profession Tax Notices
In continuance to the Government’s efforts to link all the data of the taxpayers, the Maharashtra Profession Tax Department has started issuing e-notices to all the persons who have a Goods and Services Tax Identification Number (“GSTIN”) in Maharashtra but have not yet taken Profession Tax registration, i.e., Profession Tax Enrolment Certificate (“PTEC”) and/or Profession… Continue reading GST compliant business may still be vulnerable to Profession Tax Notices