14 January, 2015
Central Board of Excise and Customs has last month given some major relief to Indian exporters and importers in terms of procedures to be followed while making imports and exports. While Packing list is not mandatory now, benefit of exemption from bank guarantee has been made available to authorization holders who were penalized earlier. Benefit of ACP status has also been fu...
28 July, 2015
Supreme Court of India has upheld the jurisdiction of SEBI to exercise its powers under the provisions of the Securities and Exchange Board of India Act, 1992 and Securities Contracts (Regulation) Act, 1956 read along with the Regulations, to proceed against the Lead Manager for the so called fraudulent transaction in respect of issuance of Gl...
19 February, 2014
Delhi High Court has held that expatriate employees of the Head Office (HO) of foreign company, posted in India with the Liaison Office (LO) in India, continue to be employees of the HO. The court negated the findings of the Appellate Tribunal that employees of the HO, seconded to the LO, are its "borrowed employees". In the present case, these deputed employees continued to...
27 January, 2014
The Reserve Bank of India has laid down guidelines for buy-back of certain securities from investors residing outside India, who had been issued these securities under the Foreign Direct Investment (FDI) Scheme.
The guidelines issued on 9-1-2014 are part of the changes whereby RBI has allowed optionality clause in equity shares and compulsorily and mandatorily convertible ...
By Neha Yogi
Depository Receipts (DR) are negotiable securities issued outside India by a depository bank against underlying rupee shares that are issued by a company incorporated in India. The DR can represent a fraction, single or multiple shares of an Indian issuer company (‘the Company’). Issuance of DRs to non-resident investors is allowed under the prevailing FDI Policy of India read wi...
Taxsutra in association with Lakshmikumaran & Sridharan as Knowledge Partner will organize 3 City Conference on ‘360* Perspective on Permanent Establishment [PE]’ to guide CFO’s, financial professionals, Chief Executives, Head of Tax and Tax team of Multinational Companies.
This Conference Series will be held in 3 cities according to the following schedule:
Mumbai: 17th January, 2015, Orchid...
14th December, 2011
The Reserve Bank of India has, on 13th December, 2011, delegated its powers of compounding of FEMA contraventions, to its Regional offices/branches. RBI’s Circular No. 57, cites customer service and operational convenience as reasons for such delegation.
As per the latest amendments, for delay in reporting of inward remittance and for delay in filing of form FC-GPR aft...
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