According to Section 139A of the Income Tax Act, 1961, an individual can hold only one PAN at a time.

A copy of your bank account statement from the country where the person resides A copy of the Non-President External Bank Account Statement issued in India A copy of the certificate of residence of India or Residential permit issued by the State Police Authority A copy of the registration certificate issued by the Foreigner’s Registration Office showing the Indian address A copy of the visa granted and a copy of the appointment letter or contract from the Indian Company and Certificate (in Original) of Indian Address issued by the employer.

However, the Companies Act 2013 does not specify any separate rules or regulations for NRIs.

For this, we first need to understand what a foreign subsidiary company is.

  Incorporation of Private Limited Companies in India  Registration or incorporation of a private limited company is the simplest and quickest sort of India section procedure for foreign nationals and also foreign companies.

It enables the company to decide on its forthcoming budget so that the business remains afloat.

It aims at gaining the trust of more and more people.

Role of an internal auditor is important as it keeps the company’s compliance in line with the rules and guidelines set forth.

Applicability and non-applicability of cost audit: Every company specified like drugs and pharmaceuticals, fertilisers, sugar, etc shall get its cost records audited in accordance to the rules mentioned in the Company Act, 2013.

There are different types of NBFCs, and they are as follows: Infrastructure Finance Company Investment and Credit Company  Asset Finance Company Loan Company Investment Company Core Investment Company Housing Finance Company Mortgage Guarantee Company Micro Finance Institutions Infrastructure Debt Fund How to classify NBFCs?