In this week’s Regulatory Brief, we highlight the Companies (Incorporation) Amendment Rules, 2017, the Companies Act (Amendment) Bill, 2017 passed by the lower house of parliament, and the minimum wage code bill that will now be debated in parliament after approval by the Prime Minister’s cabinet.
In a bid to strengthen India’s regulations governing external commercial borrowings, the Reserve Bank of India (RBI) recently came up with new guidelines on the issuance of ‘masala bonds’. In this article, we discuss what are masala bonds and the new requirements for its issuance.
In this week’s Regulatory Brief, we look at the latest GST update as businesses will be able to upload their invoices online from July 24, new reporting requirements for NRIs filing their tax returns, and exemption for most solid waste management projects from getting environment clearances.
Startups in India will now benefit from more relaxations under the Companies Act, 2013 – a move that will reduce compliance requirements and allow for operational flexibility. This article discusses the new changes, and the latest definition of startups in India as recognized by the government.
In this week’s Regulatory Brief, we briefly cover the clarifications issued by the National Company Law Appellate Tribunal (NCLAT) on what constitutes a ‘dispute’ under the the Insolvency & Bankruptcy Code, 2016; the new compliance required of business class air travelers under the GST regime, and the impact of the GST on inter-state logistics.
Last month, the Indian government eliminated the foreign investment promotion board (FIPB), established 25 years ago as a single-window clearance for all foreign direct investment. In this article, we explain the new regulatory landscape for foreign investment in a post-FIPB era.
In this week’s Regulatory Brief, we look at the relaxed timelines for filing GST returns for the first two months after the GST rollout in India, the revised GST rates and rules passed till June 18, 2017, the new law making it mandatory to link all existing and new bank accounts with the Aadhaar biometric identification number, and the daily pricing system introduced for the fuel market.
In this week’s Regulatory Brief, we look at the abolition of the FIPB and new FDI approval norms in India, latest updates from the GST Council, and the new security guidelines issued by the IT ministry for government agencies handling personal information.