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juristique · 4 years

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Canada Swift Codes and BIC Codes - page 1

New Post has been published on https://www.juristique.org/en/swift-codes/canada-swift-codes-page-1

Canada Swift Codes and BIC Codes - page 1

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1 Canada Swift Codes and BIC Codes – page 1

1.1 Swift code / BIC: AIR CANADA PENSION MASTER TRUST FUND

1.2 Swift code / BIC: ALBERTA TREASURY BRANCHES

1.3 Swift code / BIC: BANK OF AMERICA, NATIONAL ASSOCIATION, CANADA BRANCH

1.4 Swift code / BIC: BANK OF CANADA

1.5 Swift code / BIC: BANK OF CHINA (CANADA)

1.6 Swift code / BIC: BANK OF MONTREAL, THE

1.7 Swift code / BIC: BANK OF NOVA SCOTIA

1.8 Swift code / BIC: BANK OF TOKYO-MITSUBISHI UFJ (CANADA)

1.9 Swift code / BIC: BANQUE NATIONALE DU CANADA

1.10 Swift code / BIC: BLACKBERRY LIMITED

1.11 Swift code / BIC: BLOOMBERG TRADEBOOK CANADA COMPANY

1.12 Swift code / BIC: BNP PARIBAS, CANADA BRANCH

1.13 Swift code / BIC: BOMBARDIER INC.

1.14 Swift code / BIC: BROOKFIELD ASSET MANAGEMENT

1.15 Swift code / BIC: BROOKFIELD BRP CANADA CORP.

1.16 Swift code / BIC: CAISSE CENTRALE DESJARDINS

1.17 Swift code / BIC: CALGARY FOREIGN EXCHANGE LTD.

1.18 Swift code / BIC: CAMBRIDGE MERCANTILE CORP.

1.19 Swift code / BIC: CANADA DEPOSIT INSURANCE CORPORATION

1.20 Swift code / BIC: CANADA PENSION PLAN INVESTMENT BOARD

1.21 Swift code / BIC: CANADIAN DERIVATIVES CLEARING CORP

1.22 Swift code / BIC: CANADIAN IMPERIAL BANK OF COMMERCE

1.23 Swift code / BIC: CANADIAN NATIONAL RAILWAY COMPANY

1.24 Swift code / BIC: CDS CLEARING AND DEPOSITORY

1.25 Swift code / BIC: CDS CLEARING AND DEPOSITORY SERVICES INC.

List all banks Canada Swift codes and BIC codes with the following information:

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Bank code: 4 characters to identify the bank,

Country code: 2 characters constituting the ISO country code (ISO 3166-1),

Location code: 2 characters (alphabetical or numerical) to differentiate banks in the same country,

Branch code: 3 optional characters defining the agency as a bank branch.

Canada Swift Codes and BIC Codes – page 1

Bank Number City Information complement Swift Code / Bic code Bank code Cou. code Loc. code Bra. code

Swift code / BIC: AIR CANADA PENSION MASTER TRUST FUND

BCQ 29730 MONTREAL ACMTCAMM ACMT CA MM

Swift code / BIC: ALBERTA TREASURY BRANCHES

BCQ 29731 EDMONTON ATBRCA6E ATBR CA 6E

Swift code / BIC: BANK OF AMERICA, NATIONAL ASSOCIATION, CANADA BRANCH

BCQ 29732 TORONTO FOREIGN CURRENCY SERVICES BOFACATTFCS BOFA CA TT FCS BCQ 29733 TORONTO GLOBAL DERIVATIVES AND FOREIGN EXCHANGE BOFACATTGRC BOFA CA TT GRC BCQ 29734 TORONTO BOFACATT BOFA CA TT BCQ 29735 VANCOUVER BOFACATTVAN BOFA CA TT VAN

Swift code / BIC: BANK OF CANADA

BCQ 29736 OTTAWA BCANCAW2 BCAN CA W2

Swift code / BIC: BANK OF CHINA (CANADA)

BCQ 29737 TORONTO CHINATOWN BRANCH BKCHCATTCTX BKCH CA TT CTX BCQ 29738 TORONTO BKCHCATT BKCH CA TT BCQ 29739 VANCOUVER VANCOUVER BRANCH BKCHCATTVAN BKCH CA TT VAN

Swift code / BIC: BANK OF MONTREAL, THE

BCQ 29740 MONTREAL INTERNATIONAL BRANCH BOFMCAM2 BOFM CA M2 BCQ 29741 MONTREAL BOFMCAM3 BOFM CA M3 BCQ 29742 TORONTO BMO – BROKERS BOFMCAT2BMO BOFM CA T2 BMO BCQ 29743 TORONTO BMO NESBITT BURNS BOFMCAM2NBB BOFM CA M2 NBB BCQ 29744 TORONTO CLS PAYMENTS ONLY BOFMCAT2CLS BOFM CA T2 CLS BCQ 29745 TORONTO FOREIGN EXCHANGE AND MONEY MARKET BOFMCAT2FXM BOFM CA T2 FXM BCQ 29746 TORONTO GLOBAL CASH MANAGEMENT OPERATIONS BOFMCAT2GCT BOFM CA T2 GCT BCQ 29747 TORONTO INTERNATIONAL BRANCH BOFMCAT2 BOFM CA T2

Swift code / BIC: BANK OF NOVA SCOTIA

BCQ 29748 CALGARY NOSCCATTCGY NOSC CA TT CGY BCQ 29749 CALGARY NOSCCATTTPC NOSC CA TT TPC BCQ 29750 HALIFAX NOSCCATTHFX NOSC CA TT HFX BCQ 29751 MONTREAL NOSCCATTMTL NOSC CA TT MTL BCQ 29752 MONTREAL NOSCCATTTPM NOSC CA TT TPM BCQ 29753 OTTAWA NOSCCATTOTT NOSC CA TT OTT BCQ 29754 SASKATOON NOSCCATTSKN NOSC CA TT SKN BCQ 29755 TORONTO ALL OFFICES IN CANADA NOSCCATT NOSC CA TT BCQ 29756 TORONTO BALANCE SHEET MANAGEMENT NOSCCATTBSM NOSC CA TT BSM BCQ 29757 TORONTO CDN SHORT TERM FUNDING NOSCCATTCST NOSC CA TT CST BCQ 29758 TORONTO COLLECTION DEPARTMENT NOSCCATTCOL NOSC CA TT COL BCQ 29759 TORONTO CONTINUOUS LINK SETTLEMENT NOSCCATTCLS NOSC CA TT CLS BCQ 29760 TORONTO SECURITIES NOSCCATMSEC NOSC CA TM SEC BCQ 29761 TORONTO TERM FUNDING AND SECURITIZATION NOSCCATTTFS NOSC CA TT TFS BCQ 29762 TORONTO TOR SHORTTER MFUNDING NOSCCATTSTF NOSC CA TT STF BCQ 29763 TORONTO WEALTH MGMT NOSCCATMWM1 NOSC CA TM WM1 BCQ 29764 TORONTO NOSCCATMCMS NOSC CA TM CMS BCQ 29765 TORONTO NOSCCATMGTB NOSC CA TM GTB BCQ 29766 TORONTO NOSCCATTFXA NOSC CA TT FXA BCQ 29767 TORONTO NOSCCATTTOR NOSC CA TT TOR BCQ 29768 TORONTO NOSCCATTTPG NOSC CA TT TPG BCQ 29769 TORONTO NOSCCATTTPT NOSC CA TT TPT BCQ 29770 VANCOUVER NOSCCATTTPV NOSC CA TT TPV BCQ 29771 VANCOUVER NOSCCATTVCR NOSC CA TT VCR BCQ 29772 WINNIPEG NOSCCATTTPW NOSC CA TT TPW BCQ 29773 WINNIPEG NOSCCATTWPG NOSC CA TT WPG

Swift code / BIC: BANK OF TOKYO-MITSUBISHI UFJ (CANADA)

BCQ 29774 TORONTO TORONTO HEAD OFFICE BOTKCATX BOTK CA TX BCQ 29775 VANCOUVER VANCOUVER OFFICE BOTKCATXVCR BOTK CA TX VCR

Swift code / BIC: BANQUE NATIONALE DU CANADA

BCQ 29776 MONTREAL CALGARY BRANCH CODE BNDCCAMMCGY BNDC CA MM CGY BCQ 29777 MONTREAL INTERNATIONAL DEPARTMENT BNDCCAMMINT BNDC CA MM INT BCQ 29778 MONTREAL SECURITIES BNDCCAMMVAL BNDC CA MM VAL BCQ 29779 MONTREAL TREASURY DEPARTMENT BNDCCAMMIMM BNDC CA MM IMM BCQ 29780 MONTREAL BNDCCAMM BNDC CA MM

Swift code / BIC: BLACKBERRY LIMITED

BCQ 29781 WATERLOO RIMMCA2W RIMM CA 2W

Swift code / BIC: BLOOMBERG TRADEBOOK CANADA COMPANY

BCQ 29782 TORONTO BTRBCATT BTRB CA TT

Swift code / BIC: BNP PARIBAS, CANADA BRANCH

BCQ 29783 MONTREAL MONTREAL BRANCH BNPACAMM BNPA CA MM BCQ 29784 MONTREAL BNPACAMMSUB BNPA CA MM SUB BCQ 29785 TORONTO TORONTO BRANCH BNPACAMMTTT BNPA CA MM TTT BCQ 29786 VANCOUVER VANCOUVER BRANCH BNPACAMMVVV BNPA CA MM VVV

Swift code / BIC: BOMBARDIER INC.

BCQ 29787 MONTREAL BOMBARDIER TRANSP ORTATION BIHOCAMMBTG BIHO CA MM BTG BCQ 29788 MONTREAL BIHOCAMM BIHO CA MM

Swift code / BIC: BROOKFIELD ASSET MANAGEMENT

BCQ 29789 TORONTO BAMZCATT BAMZ CA TT

Swift code / BIC: BROOKFIELD BRP CANADA CORP.

BCQ 29790 OTTAWA BBRPCAWA BBRP CA WA

Swift code / BIC: CAISSE CENTRALE DESJARDINS

BCQ 29791 MONTREAL HEAD OFFICE CCDQCAMM CCDQ CA MM BCQ 29792 MONTREAL TREASURY AND INTERNATIONAL MONEY MARKETS CCDQCAMMIMM CCDQ CA MM IMM

Swift code / BIC: CALGARY FOREIGN EXCHANGE LTD.

BCQ 29793 CALGARY CLFXCA66 CLFX CA 66

Swift code / BIC: CAMBRIDGE MERCANTILE CORP.

BCQ 29794 TORONTO CMFXCATT CMFX CA TT

Swift code / BIC: CANADA DEPOSIT INSURANCE CORPORATION

BCQ 29795 OTTAWA CDICCAW2 CDIC CA W2

Swift code / BIC: CANADA PENSION PLAN INVESTMENT BOARD

BCQ 29796 TORONTO AIM/POMS SERVICE CPPBCATA CPPB CA TA BCQ 29797 TORONTO CPPBCATT CPPB CA TT

Swift code / BIC: CANADIAN DERIVATIVES CLEARING CORP

BCQ 29798 MONTREAL CDCCCAMM CDCC CA MM

Swift code / BIC: CANADIAN IMPERIAL BANK OF COMMERCE

BCQ 29799 TORONTO CIBC WORLD MARKETS SECURITIES OPERATIONS OMGEO CIBCCATTCWM CIBC CA TT CWM BCQ 29800 TORONTO CLS SERVICES CIBCCATTCLS CIBC CA TT CLS BCQ 29801 TORONTO CIBCCATT CIBC CA TT

Swift code / BIC: CANADIAN NATIONAL RAILWAY COMPANY

BCQ 29802 MONTREAL CNRRCAMT CNRR CA MT

Swift code / BIC: CDS CLEARING AND DEPOSITORY

BCQ 29803 TORONTO CDSLCAT2 CDSL CA T2

Swift code / BIC: CDS CLEARING AND DEPOSITORY SERVICES INC.

BCQ 29804 TORONTO CDSLCATT CDSL CA TT BCQ 29805 TORONTO CDSLCATTSMD CDSL CA TT SMD

Canada Swift codes and BIC codes are managed by the Society for Worldwide Interbank Financial Telecommunication and our page that includes all Swift codes and BIC codes, by bank name, country and continent, here: Swift codes and BIC codes.

Originally posted 2015-11-19 19:27:54.

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colourmanic · 4 years

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tax4wealth · 4 years

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AIR : How to avoid Income Tax notices About AIR (Annual Information Return) 2 Techniques Used by Income Tax Department 1. AIR - Annual Information Return 2. SFT - Specified financial transactions • Introduction of AIR AIR stands for Annual Information Return that contains information about all high-value transactions that is required to be reported under section 285BA by the ‘specified person’ for ‘specified transactions’ during a F.Y With the help of this statement, the tax authorities will collect the information on certain prescribed transactions. This statement of financial transactions contains details of transactions, reportable account maintained/registered/recorded by them during the year. In this manner the income tax department can keep a track of high valued transactions. • What Precautions should we take to not get our case in scrutiny? a) Cash payments b) Banks or a Co-operative bank. c) A banking company or a cooperative bank or any other company or institution issuing credit card. d) A company or institution issuing bonds or debentures. e) A company issuing shares. f) A company listed on a recognized stock exchange purchasing its own securities under Companies Act, 2013 g) A trustee of a Mutual Fund or such other person managing the affairs of the Mutual Fund. h) Authorized person under Foreign Exchange Management. i) Inspector-General or Registrar or Sub-Registrar j) Any person who is liable for audit u/s 44AB. k) i. A banking Company ii. Post Master General • Scrutiny Selection on The Basis of AIR (SFT) Informatin The statement of financial transaction required to be furnished under sub- section (1) of 285BA of income tax act, 1961 shall be furnished in respect of a F.Y. in Form no. 61A and shall be verified in the manner specified therein. • Consequences of not Furnishing AIR Penalties will be levied for not furnishing the statement of all financial transactions u/s 271FA. The penalty is Rs. 500 per day of default. However, section 285BA (5) which allows the tax authorities to issue a notice to the person asking him to file the statement within a period of 30 days from the date of receiving the notice. If he/she fails to file the statement within the allotted time then he/she will face penalty of Rs. 1,000 per day after the date mentioned in notice for furnishing the statements. 1. Who is authorized to receive AIR? • National Securities Depository Limited(NSDL) is authorized by CBDT (Central Board of Direct taxes) to receive AIR. NSDL accepts AIR from all over the country in front offices called TIN Facilitation Centers (TIN-FCs) and online through web-based facility. • So, AIR is collected by NSDL and forwarded to the Income Tax Department. 2. How will transactions of joint parties be provided in AIR? With respect to transactions related to joint parties: • Provide separate line item for each party involved in the transaction and mention each transaction separately relating to that party if shares of each party are known; • Give particular of all the parties involved in joint parties as separate line items and mention the respective transaction against the first named party alone if the shares of the parties involved in joint transaction are undefined. 3. Should an entity which is required to file AIR, file a single AIR for the whole organization or can it file separate AIR for each of its branch/regional office? An entity/enterprise which is required to file an AIR will file only a single report in behalf of the whole organization. https://www.youtube.com/channe....l/UCpLA1d2SabkUKkrlz Follow me on Social Media: 1. Facebook : https://www.facebook.com/tax4wealth 2. Linkedin : https://www.linkedin.com/in/tax4-wealth-4aa2b718b/ 3. Twitter : https://twitter.com/tax4wealth 4. Tumblr : https://tax4wealth.tumblr.com/ 5. Pinterest : https://in.pinterest.com/tax4wealth/pins/ 6. Medium : https://medium.com/@bhartichawla27 Google Play Store https://play.google.com/store/apps/details?id=com.future.hellotaxindia&hl=en_IN ▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾ ➨ Website:https://tax4wealth.com/ ➨ Writes to us: [email protected] ▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾

#AIR #sft #income tax #income tax department #annual information return #specified financial transactions #introduction of AIR #how to avoid income tax notice #cash payments #cooperative banks #foreign exchange management #AIR in detail #income tax notices #debentures #what is AIR

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loyallogic · 5 years

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Foreign Company Compliance: An Overview

This article has been written by Lalit Rajput, practising Company Secretary.

Definition of Foreign Company

As per definition given under Section 2 (42) of the Companies Act, 2013;

“FOREIGN COMPANY” means any company or body corporate incorporated outside India which,—

(a) has a place of business in India whether by itself or through an agent, physically or through electronic mode; and

(b) conducts any business activity in India in any other manner.

OVERVIEW OF SOME IMPORTANT PROVISIONS RELATED TO FOREIGN COMPANY’S UNDER THE COMPANIES ACT, 2013

Sl. No.

Provisions(s)

Particulars of the Provision(s)

Section 2(42)

Definition of Foreign Company

Section 33

Issue of Application Forms for Securities

Section 34

Criminal Liability for Mis-statements in Prospectus

Section 35

Civil Liability for Mis-statements in Prospectus

Section 36

Punishment for Fraudulently Inducing Persons to Invest Money

Section 40

Securities to be Dealt with in Stock Exchanges

Section 41

Global Depository Receipt

Section 71

Debentures

Section 88

Section 92

Annual Return

Section 128

Books of Account, etc., to be kept by Company

Section 134

Financial Statement, Board’s Report, etc

Section 228

Investigation, etc., of Foreign Companies

Section 234

Merger or Amalgamation of Company with Foreign Company

Section 376

Power to Wind Up Foreign Companies, Although Dissolved

Section 379

Application of Act to Foreign Companies.

Section 380

Documents, etc., to be Delivered to Registrar by Foreign Companies

Section 381

Accounts of Foreign Company

Section 382

Display of Name, etc., of Foreign Company.

Section 383

Service on Foreign Company

Section 384

Debentures, Annual Return, Registration of Charges, Books of Account and Their Inspection

Section 385

Fee for Registration of Documents

Section 386

Interpretation (Certified, Director and place of business)

Section 388

Provisions as to Expert’s Consent and Allotment

Section 389

Registration of Prospectus

Section 391

Application of Sections 34 to 36 and Chapter XX

Section 392

Punishment for Contravention

Section 393

Company’s Failure to Comply with Provisions of This Chapter Not to Affect Validity of Contracts, etc.

Section 405

Power of Central Government to Direct Companies to Furnish Information or Statistics.

Section 447

CHAPTER XXIX

MISCELLANEOUS

Punishment for Fraud.

Section 592

Documents, Etc., To Be Delivered To Registrar By Foreign Companies Carrying On Business In India

Chapter VI

Registration of Charges

Chapter XIV

Inspection Inquiry and Investigations

Section 196 & 197

Schedule V

Conditions To Be Fulfilled For The Appointment Of A Managing Or Whole-Time Director Or A Manager Without The Approval Of The Central Government Appointments

Sections 380 to 386 (both inclusive) and sections 392 and 393 shall apply to all foreign companies, Provided that the Central Government may, by Order published in the Official Gazette, exempt any class of foreign companies, specified in the Order, from any of the provisions of sections 380 to 386 and sections 392 and 393 and a copy of every such Order shall, as soon as may be after it is made, be laid before both Houses of Parliament.

ANALYSIS OF ROC FORMS SPECIFICALLY FOR FOREIGN COMPANY:

(Ministry of Corporate Affairs / Registrar of Companies)

eForm FC-1 (Information to be filed by foreign company)

Law(s) and Regulations:

Section 380(1) (a) to (h) and Rule 3(3) of the Companies (Registration of Foreign Companies) Rules, 2014

Filing requirements:

A foreign company shall file the particulars of the principal place of business in e-form FC-1 within 30 days of establishment of place of business in India alongwith the required documents to RoC, Delhi.

The Registrar of the corresponding state shall have access to these documents filed with the RoC, Delhi.

Stamp Duty Payment:

Stamp duty on eForm FC-1 can be paid electronically through the MCA portal.

Payment of stamp duty electronically through MCA portal is mandatory in respect of the states which have authorized the Central Government to collect stamp duty on their behalf.

Now eStamp duty payment is to be done online through MCA portal for all the states.

Mandatory Attachment(s)

Certified copy of the charter, statutes, or memorandum and articles of the company or other instrument constituting or defining the constitution of the company (Mandatory).

List of directors and secretary of the foreign company (Mandatory).

Power of attorney or board resolution in favor of the authorized representative(s) (Mandatory).

Reserve bank of India approval letter (It is mandatory to attach attested copy of such approval).

Details of other places of business in India (if any)

It is mandatory to enter the date of closure of such place of business and also FCRN of such office

Particulars of place(s) of business in India established on any earlier occasion(s) other than above (if any)

Maximum seven of such offices can be entered. If more than seven then details can be given in necessary attachment(s).

eForm FC-2 (Return of alteration in the documents filed for registration by foreign company)

Law(s) and Regulations:

Section 380(3) of the Companies Act, 2013 and Rule 3(4) of the Companies (Registration of Foreign Companies) Rules, 2014

Filing requirements:

Every foreign company on alterations in the charter or statute or any other instrument governing the company, alterations in the particulars of Director/Secretaries of the foreign company , any change in the registered or principal office of the company in the country of incorporation, any change in the particulars of authorized representative(s) of the company and any change in other places of business in India of the company, has to file eform FC-2 within 30 days of the alterations made.

This eForm is required to be filed with Registrar of Companies and a copy is routed to concerned RoC of the respective state by the system. An alert is generated at the concerned RoC to inform of the filing done at RoC, Delhi.

Mandatory Attachment(s)

Copy of approval letter (it is mandatory if any approval is required for such alteration).

eForm FC-3 (Annual accounts along with the list of all principal places of business in India established by foreign company)

Law(s) and Regulations:

Section 381 of the Companies Act, 2013 and Rule 4, 5 and 6 of Companies (Registration of Foreign Companies) Rules, 2014

Filing requirements:

Every foreign company is required to prepare and file financial statements within a period of six months of the close of the financial year of the foreign company to which the financial statements relate to Delhi RoC in eForm number FC-3. It shall also prepare and file a list of places of business in India established by a foreign company as on date of the balance sheet in the same form.

However, the Registrar can extend the said period to not more than three months on application made in writing.

Mandatory Attachment(s)

Copy of latest consolidated financial statement of parent company (Mandatory).

Copy of balance sheet and profit and loss account duly authenticated under section 381(1) (Mandatory)

In case the document is in any other language other than English, certified translation in English language is mandatory

eForm FC-4 (Annual Return of a Foreign Company)

Law(s) and Regulations:

Section 384(2) of the Companies Act 2013 and Rule 7 of Companies (Registration of Foreign Companies) Rules, 2014

Filing requirements:

Every foreign company shall prepare and file annual return of the company in eForm FC-4 within 60 days from the close of financial year.

Mandatory Attachment(s)

Details of Promoters, Directors and Key managerial personnel and changes therein since close of previous financial year. (Mandatory)

Details of directors and key managerial personnel and their remuneration. (Mandatory)

Details of the meeting of the members or class thereof, board and its various committees along with attendance details. (Mandatory)

Particulars of members and debenture holders along with changes therein since the close of previous financial year. (Mandatory)

Particulars of Holding, subsidiary and associate companies and firms. (Mandatory in case number of entities prescribed at serial no 6 is more than seven)

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un-enfant-immature · 5 years

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On Prime Day, Amazon workers and immigrant rights organizations are protesting

On the start of Amazon’s biggest sales event of the year, Amazon workers and activists are taking to the streets today in protest of the retail giant. Protests are planned for San Francisco, Minnesota, New York, Seattle and other locations across Europe.

The biggest employee-led one is happening in Shakopee, Minn., where Amazon warehouse workers protesting the working conditions, pay, benefits and general culture.

“These workers, primarily Muslim, East African immigrants, want humane working targets to reduce injuries, full-time instead of temporary working status, and fair opportunities for promotions,” a group of Amazon employees advocating for climate justice wrote on Medium a couple of days ago. “These FC workers reached out to us, Amazon Employees for Climate Justice (AECJ), asking for support.”

This is not the first time warehouse workers in Minnesota have organized. In March, workers went on strike for three hours to call for better working conditions. Last year, those same workers demanded more time for prayer and smaller workloads while fasting during Ramadan.

“Amazon workers are sending a powerful message to Jeff Bezos this Prime Day: It’s time to stop putting profits ahead of people,” United Food and Commercial Workers International Union President Marc Perrone said in a statement today. “With the recent move to one-day Prime shipping, Amazon workers are being forced to meet impossible demands at increasingly unsafe speeds.”

Amazon, however, says its critics are “conjuring misinformation to work in their favor,” an Amazon spokesperson said. Amazon says it already offers the things unions are asking for. Last October, Amazon raised the minimum wage for all warehouse workers to $15 an hour for its U.S.-based workers, but many said that was not enough.

“We can only conclude that the people who plan to attend events today are simply not informed,” the spokesperson said. “As a company, we work hard to provide a safe, quality working environment for the 250,000 hourly employees across Amazon’s U.S. facilities.”

The spokesperson went on to describe how its associates are core to its operators and how they regularly encourage friends and family to apply for roles.

“We encourage anyone to compare our pay, benefits, and workplace to other major employers across the country,” the spokesperson said.

In San Francisco, organizers at Bay Resistance are protesting outside one of Amazon’s offices in the city to demand Amazon end its relationship with Immigration and Customs Enforcement. The group is also urging Amazon to stop promoting its facial recognition technology, Rekognition, to law enforcement agencies and ICE.

“As we’ve said many times and continue to believe strongly, companies and government organizations need to use existing and new technology responsibly and lawfully,” the Amazon spokesperson said. “There is clearly a need for more clarity from governments on what is acceptable use of AI and ramifications for its misuse, and we’ve provided a proposed legislative framework for this. We remain eager for the government to provide this additional clarity and legislation, and will continue to offer our ideas and specific suggestions.”

To stand in solidarity with Amazon workers, some activists are asking the masses to boycott Amazon, which means no Amazon.com, Amazon Prime Video, Whole Foods, Kindle, Audible, Book Depository, Twitch, IMDb, AWS, Goodreads and Comixology.

#TechCrunch

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cyberblogin · 5 years

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The biggest employee-led demonstration is happening in Shakopee, Minn., where Amazon warehouse workers are protesting the working conditions, pay, benefits and general culture.

The spokesperson went on to describe how its associates are core to its operation and how they regularly encourage friends and family to apply for roles.

“We encourage anyone to compare our pay, benefits, and workplace to other major employers across the country,” the spokesperson said.

In San Francisco, organizers from Bay Resistance, San Francisco Rising and Jobs with Justice protested outside one of Amazon’s offices in the city to demand Amazon end its relationship with Immigration and Customs Enforcement. The group is also urging Amazon to stop promoting its facial recognition technology, Rekognition, to law enforcement agencies and ICE.

The aim was to protest and deliver a petition with 270,000 signatures on it demanding that Amazon cut its ties with ICE, which has been conducting raids across the country. While some gathered for the protest, the organizers said they were unable to deliver the petition because Amazon would not let them into its office.

*This story has been updated with reporting from the protest in San Francisco.

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On Prime Day, Amazon workers and immigrants’ rights organizations are protesting On the start of Amazon’s biggest sales event of the year, Amazon workers and activists are taking to the streets today in protest of the retail giant.

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loyallogic · 5 years

Text

Foreign Company Compliance: An Overview

This article has been written by Lalit Rajput, practising Company Secretary.

Definition of Foreign Company

As per definition given under Section 2 (42) of the Companies Act, 2013;

“FOREIGN COMPANY” means any company or body corporate incorporated outside India which,—

(a) has a place of business in India whether by itself or through an agent, physically or through electronic mode; and

(b) conducts any business activity in India in any other manner.

OVERVIEW OF SOME IMPORTANT PROVISIONS RELATED TO FOREIGN COMPANY’S UNDER THE COMPANIES ACT, 2013

Sl. No.

Provisions(s)

Particulars of the Provision(s)

Section 2(42)

Definition of Foreign Company

Section 33

Issue of Application Forms for Securities

Section 34

Criminal Liability for Mis-statements in Prospectus

Section 35

Civil Liability for Mis-statements in Prospectus

Section 36

Punishment for Fraudulently Inducing Persons to Invest Money

Section 40

Securities to be Dealt with in Stock Exchanges

Section 41

Global Depository Receipt

Section 71

Debentures

Section 88

Section 92

Annual Return

Section 128

Books of Account, etc., to be kept by Company

Section 134

Financial Statement, Board’s Report, etc

Section 228

Investigation, etc., of Foreign Companies

Section 234

Merger or Amalgamation of Company with Foreign Company

Section 376

Power to Wind Up Foreign Companies, Although Dissolved

Section 379

Application of Act to Foreign Companies.

Section 380

Documents, etc., to be Delivered to Registrar by Foreign Companies

Section 381

Accounts of Foreign Company

Section 382

Display of Name, etc., of Foreign Company.

Section 383

Service on Foreign Company

Section 384

Debentures, Annual Return, Registration of Charges, Books of Account and Their Inspection

Section 385

Fee for Registration of Documents

Section 386

Interpretation (Certified, Director and place of business)

Section 388

Provisions as to Expert’s Consent and Allotment

Section 389

Registration of Prospectus

Section 391

Application of Sections 34 to 36 and Chapter XX

Section 392

Punishment for Contravention

Section 393

Company’s Failure to Comply with Provisions of This Chapter Not to Affect Validity of Contracts, etc.

Section 405

Power of Central Government to Direct Companies to Furnish Information or Statistics.

Section 447

CHAPTER XXIX

MISCELLANEOUS

Punishment for Fraud.

Section 592

Documents, Etc., To Be Delivered To Registrar By Foreign Companies Carrying On Business In India

Chapter VI

Registration of Charges

Chapter XIV

Inspection Inquiry and Investigations

Section 196 & 197

Schedule V

Conditions To Be Fulfilled For The Appointment Of A Managing Or Whole-Time Director Or A Manager Without The Approval Of The Central Government Appointments

ANALYSIS OF ROC FORMS SPECIFICALLY FOR FOREIGN COMPANY:

(Ministry of Corporate Affairs / Registrar of Companies)

eForm FC-1 (Information to be filed by foreign company)

Law(s) and Regulations:

Section 380(1) (a) to (h) and Rule 3(3) of the Companies (Registration of Foreign Companies) Rules, 2014

Filing requirements:

The Registrar of the corresponding state shall have access to these documents filed with the RoC, Delhi.

Stamp Duty Payment:

Stamp duty on eForm FC-1 can be paid electronically through the MCA portal.

Payment of stamp duty electronically through MCA portal is mandatory in respect of the states which have authorized the Central Government to collect stamp duty on their behalf.

Now eStamp duty payment is to be done online through MCA portal for all the states.

Mandatory Attachment(s)

Certified copy of the charter, statutes, or memorandum and articles of the company or other instrument constituting or defining the constitution of the company (Mandatory).

List of directors and secretary of the foreign company (Mandatory).

Power of attorney or board resolution in favor of the authorized representative(s) (Mandatory).

Reserve bank of India approval letter (It is mandatory to attach attested copy of such approval).

Details of other places of business in India (if any)

It is mandatory to enter the date of closure of such place of business and also FCRN of such office

Particulars of place(s) of business in India established on any earlier occasion(s) other than above (if any)

Maximum seven of such offices can be entered. If more than seven then details can be given in necessary attachment(s).

eForm FC-2 (Return of alteration in the documents filed for registration by foreign company)

Law(s) and Regulations:

Section 380(3) of the Companies Act, 2013 and Rule 3(4) of the Companies (Registration of Foreign Companies) Rules, 2014

Filing requirements:

Mandatory Attachment(s)

Copy of approval letter (it is mandatory if any approval is required for such alteration).

eForm FC-3 (Annual accounts along with the list of all principal places of business in India established by foreign company)

Law(s) and Regulations:

Section 381 of the Companies Act, 2013 and Rule 4, 5 and 6 of Companies (Registration of Foreign Companies) Rules, 2014

Filing requirements:

However, the Registrar can extend the said period to not more than three months on application made in writing.

Mandatory Attachment(s)

Copy of latest consolidated financial statement of parent company (Mandatory).

Copy of balance sheet and profit and loss account duly authenticated under section 381(1) (Mandatory)

In case the document is in any other language other than English, certified translation in English language is mandatory

eForm FC-4 (Annual Return of a Foreign Company)

Law(s) and Regulations:

Section 384(2) of the Companies Act 2013 and Rule 7 of Companies (Registration of Foreign Companies) Rules, 2014

Filing requirements:

Every foreign company shall prepare and file annual return of the company in eForm FC-4 within 60 days from the close of financial year.

Mandatory Attachment(s)

Details of Promoters, Directors and Key managerial personnel and changes therein since close of previous financial year. (Mandatory)

Details of directors and key managerial personnel and their remuneration. (Mandatory)

Details of the meeting of the members or class thereof, board and its various committees along with attendance details. (Mandatory)

Particulars of members and debenture holders along with changes therein since the close of previous financial year. (Mandatory)

Particulars of Holding, subsidiary and associate companies and firms. (Mandatory in case number of entities prescribed at serial no 6 is more than seven)

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