Other Briefings
India Considers Easing Approval for FDI-Funded Investments
Jul. 27 – The Finance Ministry and the Department of Industrial Policy and Promotion is considering allowing foreign funded Indian companies to invest in subsidiaries without needing prior approval. Currently, local companies with substantial foreign direct investment must obtain approval from the Foreign Investment Promotion Board (FIPB). Most likely the pre-approval process will not be […]
India Proposes Repatriation of Profits for Foreign Real Estate Companies
Jul. 13 – The Department of Industrial Policy and Promotion is studying a proposal to allow foreign real estate companies to repatriate all their profits except the minimum initial investment of US$5 million. This will apply to foreign companies in a joint venture with a local developer and will effectively limit India’s lock-in period for […]
New Schemes to Ease the Process of Closing a Business
Jul. 12 – The Ministry of Corporate Affairs (MCA) will launch two schemes that will ease the process for companies wanting to formally close a business. The Easy Exit Scheme 2010 will allow exiting companies to have their names taken out of the Registrar of Companies quicker and at lower costs applicable from May 30 […]
Court Ruling Allows Marketing Intangibles Not to be charged to Overseas Parent Company
Jul. 9 – The Delhi High Court has decided in favor of overseas parent company Suzuki Motor Corp. (SMC) saying the company should not pay Maruti Suzuki India (MSIL) for increasing brand recognition for Suzuki via marketing campaigns contrary to a previous decision made by tax authorities. The court’s decision applies to the assessment year […]
India to Consider FDI in Domestic Carriers
Jul. 8 – Authorities will soon begin talks on possibly raising foreign direct investment in local carriers to push New Delhi’s recently opened Terminal 3 into becoming an international aviation hub. “This issue would be discussed in coming few days. A final view may be taken shortly,” Civil Aviation Minister Praful Patel said in a […]
India Opens Debate on Foreign Investment in Retail
Jul. 7 – The Commerce and Industry Ministry released a discussion paper on Tuesday that considers removing barriers hindering foreign investment in the retail sector. Currently, only 51 percent of foreign direct investment is allowed for single-brand retail while multi-brand retail is limited to cash-and-carry branches. It is now being proposed that large-scale investment in […]
Limited Liability Partnership for Foreign Investors Proposed
Jul. 5 – The Finance Ministry is proposing that foreign investors be given the option to establish Limited Liability Partnerships (LLPs) in allowable sectors to encourage more investment. “Allowing foreign direct investment in LLPs in line with the sectoral limits will encourage foreign investment and not complicate the current regulatory regime,” a finance ministry official […]
India Amends Service Trademark Categories
Jul. 1 – India has introduced amendments to the Indian Trade Mark Rules, effective from May 20, 2010. The amendments are as follows: 1. Class 42 has been amended to include the following services: Scientific and technological services and research and design relating thereto; industrial analysis and research services; design and development of computer hardware […]
