The Maharashtra Shops and Establishments Rules, 2018 are applicable to all commercial establishments in the state, (not covered under the Factories Act), which employ 10 or more workers.
Consumer protection in India under the amended Legal Metrology Rules 2017 is now applicable to packaged commodities sold on online platforms and will regulate Notified Medical Devices as well.
India’s new accounting standard, Ind AS 115, is in effect from April 1, 2018, and is aligned with the International Financial Report Standards (IFRS).
India is the world’s third largest startup hub. We take a look at the Startup India scheme, and explain how to establish a startup in India and qualify for various regulatory incentives and tax breaks.
In recent years, foreign investors have begun to invest in India using hybrid instruments or hybrid securities, that is, financial instruments that combine both debt and equity characteristics.
Foreign investors should note that the Competition Act is strictly enforced in India. The article discusses the importance of the anti-trust law, and its regulation of mergers, acquisitions, and combinations.
India has removed incorporation fees payable to the Registrar for OPCs and small businesses and made it easier to reserve a company name. We briefly discuss the latest ease of doing business reforms.
India’s 2018 federal budget raised the customs duty for ten categories of imports to promote Make in India and boost local sourcing of components. Here we briefly discuss the duty hike and imposition of the new Social Welfare Surcharge.