The federal government recently formed a team of top law enforcement officials to crackdown on shell companies. This article discusses the government’s latest moves in its anti-corruption drive.
In September this year, the Indian government cancelled licenses for 4,800 NGOs in India. Here we discuss the fall out of the stringent implementation of reporting and auditing rules for NGOs that receive foreign funding by the Modi administration.
India’s Supreme Court recently delivered its first detailed judgment pertaining to the interpretation of the Insolvency and Bankruptcy Code, 2016 (Code). This article discusses the key takeaway – the Code will supersede all other insolvency related laws in existence in India.
A soured joint venture between McDonald’s and Connaught Plaza Restaurants is threatening to undermine the fast food giant’s success in India. In this article, we explain McDonald’s’ joint venture problems, and highlight takeaway lessons for foreign companies looking for Indian partners.
In India, industrial licenses are regulated by the IDRA, 1951 Act, This article serves as a primer about the scope of the Act as well as industrial licensing norms, which are mandatory for only selected industries in India since the liberalization and deregulation of its economy in 1991.
India released its foreign investment policy for 2017 this week, which incorporates changes instituted in 2016, and provides sector-based regulatory clarifications. This article highlights key updates to the policy.
Funds can be repatriated from India to other countries in various ways, but can entail foreign exchange risks, tax, and regulatory risks. This article discusses the various strategies a company may utilize when repatriating funds from India, including the associated legal and tax concerns.
The lower house of India’s parliament has passed the Companies Act (Amendment) Bill, 2017. In this article, we highlight some of the important amendments proposed to the Companies Act of 2013 as the 2017 Amendment Bill heads to the upper house for approval.