7 November 2016
The Reserve Bank of India by its Notification dated September 9, 2016, amended the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000. The said amendment substituted the existing caps under paragraph F.8 to annexure B under Schedule 1 of the Regulations, thereby revising the for...
6 November, 2014
The Indian Government has approved amendments to Foreign Direct Investment Policy (FDI) relating to Construction Development Sector. According to the press release issued after the Cabinet meeting, the minimum area requirement of 10 hectares for serviced housing plots has been removed and the minimum built-up area has been reduced to 20,000 sq metres of minimum floor area. A...
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 ...
24 July 2013
The policy of Foreign Direct Investment (FDI) in ten sectors, including telecom and defence has been further liberalized. As per reports, the decisions taken by the cabinet committee on 16-7-2013, indicate that the FDI limit in telecom sector will be 100% under approval route (FIPB) and 49% under automatic route.
Foreign investment in excess of 26% will be permitted in defence ...
The Department of Industrial Policy and Promotion (DIPP) has clarified the conditions to be satisfied to seek approval for foreign direct investment (FDI) in multi-brand retailing. Some of the important points clarified on 6th June, 2013 are:
The 30% mandatory sourcing requirement from small and medium enterprises (SME) shall refer to sourcing of manufactured or processed products and, procu...
21st May, 2013
A three judge bench of the Supreme Court has dismissed the petition challenging the FDI policy in multi-brand retail.
Power of Central Government to make policies
The challenge was on the ground that the policy by the Department of Industrial Policy and Promotion (DIPP) was without the authority of law. It was contended that the Central Government has no power to make poli...
The Double Taxation Avoidance Agreement (‘DTAA’) entered into by India with Mauritius on 24th August, 1982 and made effective from 1st April, 1983 was the first of its kind wherein the right to tax the capital gains arising to a resident of Mauritius from transfer of shares of an Indian company was completely ...
By Manoj Gupta
Recently we saw how two bilateral agreements made the existence of WTO seem more relevant, by infusing more energy in the apex trade body. While agreement between India and USA on India’s food security programme and subsidies relating thereto allowed the WTO to move forward on the Trade Facilitation Agreement (TFA), an agreement between USA and China on the other hand brought t...
Seminar on FDI and Companies Law
11 December, 2015, Kolkata
Lakshmikumaran & Sridharan (L&S) is organising a seminar/workshop on Foreign Direct Investment (FDI) on 11 December, 2015 in Kolkata. In this workshop experts from L&S will discuss on recent trends in Investment laws, Law relating to Directors and mediation practice in...
12th January, 2012
The policy on foreign direct investment in single-brand retail trading has been amended by the Indian Government. Changes permitting 100% FDI in single-brand retail trading sector have been notified on 10th January 2012. FDI upto 100% will be allowed in this sector under government approval route.
The official note states that the policy change is aimed at attracting i...
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