The 2017 Companies (Amendment) Act – in effect from January 4, 2018 – will ease doing business in India, and will improve transparency in corporate governance. Here we highlight major changes to the existing 2013 Companies Act.
India recently amended its FDI Policy; major beneficiaries include single brand retailers and the medical devices industry. The government has sought to provide more clarity on compliance requirements and ease the investment process.
The Maharashtra Shops and Establishment Act of 2017 was notified on September 7, 2017, and will come into force on a date to be specified in the Official Gazette. In this article, we discuss the key reforms proposed and forthcoming compliance requirements for firms in the state.
Expats should take note of the identification documents and financial services that must be linked with the Aadhaar number if they hold residency in India.
India’s federal tax body has come down heavily on bitcoin traders in an attempt to address tax evasion. Here, we briefly discuss the country’s tax position on cryptocurrencies and ICOs.
In this week’s Regulatory Brief, we cover the latest amendments to the Insolvency and Bankruptcy Code, which will be implemented by government ordinance; the shocking tax bill issued to IT/ITeS companies; and infrastructure status awarded to the logistics sector.
Last year, India’s federal government led by Prime Minister Narendra Modi announced the demonetization of high value currency. Here we take stock of the policy’s genesis and its major outcomes.
Insolvency board enforces stringent tests for reviving defaulting companies The Insolvency and Bankruptcy Board of India (IBBI) has amended its rules governing lenders who invest in bankrupt companies. Promoters or any party proposing a rescue plan for a sinking company will be subject to strict tests of creditworthiness and credibility. The rescue plan must provide[…..]