India’s parliament began its Monsoon Session on July 18 to disrupted proceedings as the Modi government looks to implement a packed legislative agenda.
The Companies (Appointment and Qualification of Directors) Fourth Amendment Rules, 2018 require those with a DIN to complete their KYC before August 31.
All companies in India, including LLPs and startups, have to report the total foreign investments made into their respective entities by July 12 as per notification by the Reserve Bank of India.
India has eased the process of obtaining environmental approvals but companies should follow best practices during operations to manage risk exposure.
Company law in India requires that independent directors do not have a pecuniary interest in the firm. The additional qualification was reinforced through an amendment on May 7, 2018.
Why companies need to implement internal control mechanisms to prevent, detect, and deter potential fraud by employees, vendors, consultants, or management.
In June, India introduced fresh amendments to the 2016 Insolvency and Bankruptcy Code to quicken the resolution process.
The RBI has extended the loan repayment window for MSMEs registered under GST for dues from September 2017 to January 2018 in an effort to relieve liquidity stress and reduce NPAs in the banking system.