Other Briefings
Extension Granted for Reporting Annual Accounts
Nov. 2 – Public-private limited companies in India are required to file their annual accounts as per the new rules; the format has been revised it is now mandated that companies prepare as per Schedule VI of the Companies Act, 1956. This attempt, along with the inclusion of reporting in extensible business reporting language (XBRL) […]
Starbucks’ India Expansion Attracts Brand-Conscious Middle Class Consumers
By Daniel Fleishman Oct. 31 – On October 19, India’s first Starbucks coffeehouse opened in downtown Mumbai, making the world’s second most-populous state the 61st country to play host to the U.S.-based coffee giant. Within days of the first opening, two more branches popped up, one of them inside the world-famous Taj Mahal Palace Hotel. […]
What Are My Options for Investment into India?
Oct. 18 – Foreign investment into India can come in a variety of different legal entities. Your choice of entity depends on the kind of work you plan to do during your time in the country. Below we discuss the functions and establishment requirements of each of the five entities that can be established as […]
Reforms in India: Government Clears FDI in Insurance and Pension
Oct. 9 – The Government of India on October 4, 2012 approved moving the FDI cap in insurance to 49 percent while also approving the introduction of certain official amendments to the Pension Fund Regulatory and Development Authority Bill (2011). The decision has been taken by the Cabinet headed by the Prime Minister of India. […]
Asia Briefing Report: An Introduction to Doing Business in India
Asia Briefing, in cooperation with its parent firm Dezan Shira & Associates, has just released a new 30-page report introducing everything that a foreign investor should be familiar with when establishing and operating a business in India. This guide, titled “An Introduction to Doing Business in India,” is immediately available as a complimentary PDF download on the Asia Briefing Bookstore.
Reforms in India: Government Allows FDI in Multi Brand Retail
Sept. 17 – The Indian government has allowed 51 percent foreign direct investment (FDI) in multi-brand retail, a major reform awaited by many multinational retail chains. The move permits global firms such as Walmart, Metro, and Carrefour to establish shop with a local partner and sell directly to consumers for the first time, which could […]
Import-Export Code: Points to Remember
By Gunjan Malhotra Sept. 10 – Using an Import-Export Code (IEC) is mandatory when engaging in importing or exporting activities in India. The IEC is a unique 10 digit code issued by the Director General of Foreign Trade under the Indian Government’s Ministry of Commerce. No person or entity shall engage in import or export […]
India’s Official 2012 Holiday Schedule
Sept. 6 – India’s official gazetted holidays and state-related holidays for the 2012 calendar year can be found below. Gazetted Holidays for 2012 Republic Day Thursday – January 26, 2012 Maha Shivratri Monday – February 20, 2012
