Other Briefings
Import Relief for IT Hardware Companies as India Encourages Local Production
Major IT hardware companies have held talks with the Indian government, leading to a postponement of import curbs. Instead, the focus is now on promoting local production alongside a new import management system.
India Introduces Final Angel Tax Rules for Overseas Investments in Startups
India has finalized its rules for taxing overseas investments in startups in the country—commonly called the ‘angel tax’ provision. We discuss the valuation process for startup investors under the amended Rule 11UA.
Companies in India Can Hold Virtual AGMs and EGMs till September 30, 2024
Companies in India can hold their AGM/EGM meetings for 2023-2024 virtually until September 30, 2024, following a clarification from the MCA.
India’s Auto Component Manufacturing Success and its Vision for EV Adoption
In recent years, India’s auto component manufacturing industry has seen a surge in Indian OEM suppliers, strengthening its position in the global automotive supply chain.
India Will Not Impose Curbs on Imports of Laptops, PCs, Servers from Nov. 1
India has reportedly decided not to impose import restrictions on laptops, tablets, PCs, and servers from November 1, 2023. Per government officials quoted by media, an import management system is being put in place.
JPMorgan Includes India in Emerging Market Debt Index, Paves Way for Billions in Investments
JPMorgan’s inclusion of Indian securities in the GBI-EM index is anticipated to bring in investment flows of US$25-30 billion. The phased inclusion begins June 2024.
Bengaluru, India: Foreign Investment Brief
In this investment brief of Bengaluru, the capital of Karnataka in South India, we discuss key industry opportunities, the city’s living environment, and prevailing infrastructure.
Procedure for Registration with India’s Special Value Branch
Importers must register with India’s Special Value Branch (SVB) if they are affiliated with their suppliers, as per Customs Department requirements. We discuss how customs authorities assess related party transactions and the registration process with the SVB.
