Other Briefings
India Sets 25 Percent Min. Public Shareholding for Listed Companies
Jun. 7 – India’s finance ministry released revised guidelines for listed companies on Friday, stating that the companies will have to maintain minimum public shareholdings of 25 percent, up from the previous 10 percent. The government further stated that listed companies have to reach this level by increasing the public’s share in the company by […]
Registering Trademarks in India
By Vikas Srivastava Jun 2. – Emerging economies like India and China are the new investment hub for developed countries. On the one hand the emerging economies provide cheap labor, low cost resources and educated professional, but on the other hand businesses are exposed to certain unseen losses like infringement of intellectual property. Many times, […]
India Creates Easy Exit Scheme for Inoperative Companies
Jun. 1 – India’s Ministry of Corporate Affairs (MCA) issued General Circular No. 2/2010 on May 26 which featured the establishment of the Easy Exit Scheme (EES), a process that will assist the Registrar of Companies (RoC) to remove inoperative companies from the Register. With the addition of the EES, the RoC now has to: […]
DLF Wants Special Economic Zone in Kolkata
May 28 – India’s largest real estate developer, Delhi Land and Finance (DLF), has reportedly reentered discussions with India’s commerce ministry regarding the possibility of restarting its plan for a special economic zone in Kolkata. DLF scrapped four SEZ projects last June, including the one in Kolkata, when it was determined that there wasn’t sufficient […]
Transactions Abroad Taxable in India
May 28 – A verdict recently passed by the Income Tax Appellate Tribunal (ITAT) in Mumbai stated that payments made to foreign entities for services rendered abroad can still be taxed in India if the deal can be linked back to the country. “It is no longer necessary that, in order to attract taxability in […]
RBI Introduces Temp. Measures to Increase Liquidity
May 27 – The Reserve Bank of India raised the rate under which banks can borrow from the central institution on Wednesday to 0.5 percent of deposits as it looks to create more liquidity in the market. This comes in anticipation of mid-June advance taxes and the more than US$20 billion in payments by telecom […]
Govt. to Revisit FDI Norms, Ask Reserve Bank to Come up with Fresh Formulations
May 26 – The Indian government will consider reversing changes made last year regarding the establishment of subsidiaries by 100% foreign owned non-banking finance companies (NBFCs). Before the revisions made last year, wholly foreign owned NBFCs that brought in US$50 million in capital could launch subsidiaries at will for specific activities without having to bring […]
Indian Ministries to Support 100 Percent FDI in Multi-Brand Retail
May 25 – India’s Commerce and Industry Ministry is likely to support a move to allow 100 percent foreign direct investment in multi-brand retail that could open the market further for multinational companies like Tesco and Wal-Mart. The proposed paper will recommend strict domestic sourcing requirements and require investments in backward linkages with the official […]
