31st January, 2012
Shareholders' meeting through video conferencing will not be mandatory after 2011-12 also. It will continue to be optional for listed companies as per Circular No. 72/2011, dated 27-12-2011 issued by the Ministry of Corporate Affairs.
In its June, 2011 circular, the MCA had asked listed companies to mandatorily conduct shareholders' meeting electronically after 2011-12. ...
31st January, 2012
Refund of statutory fees paid for certain services will be available as per latest press release of the Ministry of Corporate Affairs. Refund of MCA21 fees will be available in cases of multiple payments (Form 1 & Form 5), incorrect payments and excess payments.
The release notes that earlier, there was no process in MCA21 for refund of fees wrongly paid by the stakeholde...
14th December, 2011
Recently, the United Kingdom released the draft of the proposed legislation on ‘Patent box’ – a scheme of tax incentives to corporates to domicile in UK and exploit their patents in UK. The objective is to encourage setting up of manufacturing facilities in UK and creation of jobs. Set to come into effect in 2013 on passage, the Bill provides for taxation of profits attr...
Ministry of Corporate Affairs has issued Name availability Guidelines for 2011. Names identical or closely resembling existing Company, LLP and abbreviated names are likely to be rejected. Names indicating distinct constitution like HUF, PLC, different combination of words of existing names may also face the axe The new guidelines and revised e-form 1A likely to be implemented from 24th July as...
The Finance Minister is expected to present Union Budget for the year 2012-13 on 16th March, 2012. To analyze tax implications of this year's budget, the Institute of Business Laws, in association with Lakshmikumaran & Sridharan, is organizing the following seminars on Budget 2012:
17th March, 2012 - India Habitat Centre, New Delhi
17th March, 2012 - M.C. Ghia Hall, Mumbai
The International Bar Association is organising Private Equity Transactions Symposium 2011 on 1st December, 2011 at London and again on 6th December, 2011 at New York.
The conference is presented by the Private Equity Sub-committee of the International Bar Association (IBA) and Corporate and M&A Law Committee.
The conference will cover topics like ‘Overview of global private equity market...
By Sumeet Khurana
The case of Vodafone involved capital gains tax implication on transfer of shares of a Cayman Island entity CGP Investments (CGP) by another Cayman Island entity Hutchison Telecommunications International Limited (HTIL) to a Netherlands resident entity Vodafone International Holdings (VIH). HTIL had direct and indirect control to the extent o...
By Gayatri Sridharan
“Statute law is the will of the legislature; and the object of all judicial interpretation of it is to determine what intention is either expressly or by implication conveyed by the language used, so far as necessary for the purpose of determining whether a particular case or state of facts which is presented to the interpreter fall within it.” - These were the opening wo...
India sees a tremendous amount of litigation every year. A large number of these litigations involve commercial contracts, debt recovery, real estate, regulatory and corporate laws. Commercial and general litigation entail specialization of higher order in various fields of law.
Practitioners in L&S offer representat...
Lakshmikumaran & Sridharan律师事务所（L&S）每月发表5份电子新闻简报，涉及每个不同的业务领域，包括-国际贸易法律月刊、税法法律月刊、知识产权法律月刊、公司法法律月刊和直接税月刊。这些法律月刊包括了个相关法律领域的主要变动和发展。相关领域的重要争议也发表于这些新闻简报的文章部分。
A primer on e-commerce business and related laws in India
While E-commerce has touched all forms of business transactions at present, E-wallets or mobile wallets are slowly taking over the traditional system of payments. Article in this issue of Amicus discusses at length various categories...
Real Estate (Regulation and Development) Act, 2016 – A Comment
Real Estate (Regulation and Development) Act, 2016 has been promulgated with the objective of establishing institutional infrastructure to ensure that the real estate sector functions in an efficient and transparent manner and consumer interests are pro...
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