NRI Legal Services

  When it comes to NRIs and ancestral property , they have the same rights as Indian citizens to inherit property. However, they may face certain legal and operational challenges when it comes to managing or selling the property, especially being out of the country of birth. NRIs need to be aware of the legal requirements and tax implications related to ancestral property in India, and it is recommended that they seek professional legal and financial advice to ensure smooth management and transfer of the property.

A corporate legal entity is a setup for running and managing a business. The various types of legal entities available in India for doing the business are:  Sole Proprietorship One person Company Private Limited Company Public Limited Company Limited Liability Partnership Partnership firm Liaison Office Project Office The formation of a corporate legal entity in India is governed under the Company law through The Companies Act, 2013. A person can choose the suitable form depending upon: Nature of business Purpose/Objective of business Capital available and Cost of business Rules and regulations to be followed Managing the business Nature of liability Transfer of ownership Whether the company has to be continuous or temporary project-based Basic features: Sole proprietorship - It is suitable for small businesses and self-employed people. The business has one pro...