factumlegal – Page 10

Upcoming Mandatory Compliance by Listed Companies towards “Good Corporate Governance”

1. An Introduction The Market Regulator, Securities and Exchange Board of India (SEBI) issued amendments to the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 vide its circular dated 09th and 10th May 2018 taking into consideration the recommendations issued by Kotak Committee under the chairmanship of Mr. Uday Kotak in the field of Good… Continue reading Upcoming Mandatory Compliance by Listed Companies towards “Good Corporate Governance”

Overview of Personal Data Protection

OVERVIEW OF THE PERSONAL DATA PROTECTION BILL INTRODUCTION With a growing online footprint, one is at a higher risk of privacy breach than ever before. Also, at this juncture employees and customers are increasingly becoming sensitive about their privacy rights. So, legal framework was required to include policies that support innovation, but which, simultaneously protects… Continue reading Overview of Personal Data Protection

FEMA guidelines for FDI in e-commerce entities

FEMA guidelines for FDI in e-commerce entities ‘E-commerce’ means buying and selling of goods and services including digital products over digital & electronic network. ‘E-commerce entities’ are the following entities conducting the e-commerce business: a company incorporated under the Companies Act, 1956 or the Companies Act, 2013. a foreign company covered under section… Continue reading FEMA guidelines for FDI in e-commerce entities

Core Investment Company

Core Investment Company Core Investment Companies, (CIC) are those non-banking financial companies which have their assets primarily as investments in shares of group companies but not for trading, and also do not carry on any other financial activity. The RBI directions applicable to the Core Investment Companies are contained in the Master Direction – Core… Continue reading Core Investment Company

Implementation of System for Monitoring of Foreign Investment in Listed Company

Implementation of System for Monitoring of Foreign Investment in Listed Company The Foreign Investment in India is regulated in terms of clause (b) of sub-section 3 of section 6 and section 47 of the Foreign Exchange Management Act, 1999 (FEMA) read with Foreign Exchange Management (Transfer or Issue of a Security by a Person resident… Continue reading Implementation of System for Monitoring of Foreign Investment in Listed Company

Import of Goods and Services under FEMA

Import of Goods and Services under FEMA Foreign Exchange Management Act, 1999 (FEMA) came into force with effect from June 1, 2000, Preamble of the FEMA reads as under: An Act to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and… Continue reading Import of Goods and Services under FEMA

Current and Capital Account Transactions under FEMA

Current and Capital Account Transactions under FEMA The Foreign Exchange Management Act, 1999 (FEMA) came into force with effect from June 1, 2000, and as per the Preamble of FEMA, the Act was made with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market… Continue reading Current and Capital Account Transactions under FEMA

Entry of Foreign Lawyers and Law Firms in India

Entry of Foreign Lawyers and Law Firms in India Introduction The Supreme Court of India clarified the debatable issue as to whether International Lawyers/ International Firms can practice law and whether they can advice the clients in India. The Supreme Court vide its judgment dated 13th March, 2018 titled as BAR COUNCIL OF INDIA v.… Continue reading Entry of Foreign Lawyers and Law Firms in India

Regulatory and Judicial Review of Entry of Foreign lawyers and Law firms in India

Introduction There has been an ongoing debate in India regarding whether International Lawyers/ International Firms can practice law and whether they can advice the clients in India. Under Advocates Act, 1961, the Bar Council of India recognizes law degree on reciprocal basis and legal academics can teach and engage in legal research without any bar.… Continue reading Regulatory and Judicial Review of Entry of Foreign lawyers and Law firms in India

Highlights of the Key Amendments of the Companies (Amendment) Bill, 2017 are enclosed herewith for ready reference.

To strengthen the Corporate Governance standards, initiate strict action against defaulting companies and help improve the ease of doing business in the country The Companies (Amendment) Bill 2017 was passed by the Lok Sabha on 27th July 2017. Rajya Sabha gave its nod to the Companies (Amendment) Bill that seeks to bring major amendments in… Continue reading Highlights of the Key Amendments of the Companies (Amendment) Bill, 2017 are enclosed herewith for ready reference.