9 December 2016
Pursuant to an amendment to the Consolidated Foreign Direct Investment Policy in June 2016, the Reserve Bank of India, by its Notification dated November 04, 2016, has amended the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 as applicable to the pension sector in India.
Dated: Dec 09, 2016
7 November 2016
The Reserve Bank of India (‘RBI’) by its Notification dated October 24, 2016, has amended the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 (‘Regulations’). Now, a wholly owned subsidiary set up in India by a non-resident entity and operating in a se...
26 April, 2016
The Reserve Bank of India has clarified that keeping deposits with an Indian company by persons resident outside India in accordance with Section 160 of the Companies Act, 2013 is a current account (payment) transaction and, as such, does not require any approval from Reserve Bank.
RBI A.P. (DIR Series) Circular No. 59, dated April 1...
4 March, 2016
The Reserve Bank of India (RBI) has amended the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000 to insert the definition of “manufacture” and to amend the definition of “Ownership and Control” as stated under the Guidelines for calculation of total foreign ...
19 June, 2014
Voting through electronic means i.e. e-voting as contained in Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 is not mandatory till 31st of December, 2014. The Ministry of Corporate Affairs has, on 17th June, clarified certain aspects of these provisions on e-voting.
According to General Circular No. 20/201...
24th June, 2013
The High Court of Delhi has overruled the decision of the Company Law Board (CLB) wherein the CLB had held that since there was no bar on affirmative vote in the Articles of Association of the company, a provision in a Joint Venture Agreement providing for affirmative votes must be given effect to even if it is not incorporated in the Articles of Association of the company.
By Dr. Smita Bhatia
Plastic packaging is big business. The India Brand Equity Foundation (IBEF) estimated the Indian packaging industry to be at about US$28 billion in 2014, with roughly half the market share belonging to plastic packaging [see end note 1]. Polyethylene and Polyethylene terephthalate (PET) account for nearly 70% of the polymers used in f...
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...
By Anup Koushik Karavadi
‘Squeeze Out’ provisions in the Companies Act, 1956 enable the majority shareholder holding above a prescribed threshold limit to “squeeze-out” the minority shareholders and acquire the entire shareholding in a company.
Shareholding – Majority rule & minority rights
Shares in a company comprise a bundle of rights and responsibilities subject to t...
By Karanjot Singh
Section 6(3) of the Income Tax Act, 1961 (‘Act’) has been amended vide Finance Act, 2015 to introduce the concept of Place of Effective Management (‘PoEM’) to determine residential status of companies. Memorandum to Finance Bill, 2015 provided that the amendment has been brought to align the provisions of the Act...
Konpal Rae在L&S的知识产权部门担任联合主任。她与各大国内和跨国客户紧密工作。她的经验和专业知识包括起草专利申请以及为客户提供分析。在L&S事务所，Konpal负责关于规划和执行知识产权策略。她也与D.P. Vaidya先生一起处理L&S各个不同的工程师团队的所有行政工作。在加入L&S之前，Konpal在印度联合利华研究中心担任4年的助理研究员。Konpal负责有关技术方面的专利，包括软件和电子产品以...
Foundation For International Taxation (FIT) will be organising its Jubilee Conference from 3 December to 5 December, 2015 in Mumbai. The topic of this conference is ‘BEPS and Beyond BEPS – Impacts and Next steps’.
V. Lakshmikumaran, Managing Partner, Lakshmikumaran & Sridharan will be the Chairperson for the session – ‘Place of Effective Manageme...
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