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 Untitled
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 Untitled
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
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 Untitled
Background The Government of India in order to strengthen the transparency norms has proposed an altogether new section 90 in the Companies (Amendment) Bill, 2017 which proposes to identify significant beneficial owner(s) of a company as any person or trust. The ministry, addressing the recommendation as given by financial action task force (FATF), has proposed… Continue reading BENEFICIAL OWNERSHIP – Proposed Amendment & Implication
Partner with “LexisNexis for Practical Guidance on Indian Company Law“ We are highly pleased to inform you about our partnership with “LexisNexis” ( an international publication house). We are one of the Indian Company Law partner of “Lexis Nexis” to their product “Lexis® Practical Guidance” which is an online workflow based practical solutions. We are supporting in… Continue reading Untitled
By maintaining its persistence efforts in making India as an active participant in development of world economy, the Central Government (Ministry of Corporate Affairs), has notified section 234 of the Companies Act, 2013 with effect from April 13, 2017 which states provisions for cross boarder merger. In order to supplement the said section, the MCA… Continue reading CROSS BOARDER MERGER- AN ADVANCE MOVE FOR INDIAN COMPANY
The demonetization of 500 and 1000 rupee banknotes is a step taken by the Government of India on 8th November 2016 to fight corruption and black money issues in the country. Starting from midnight of 8 November 2016, all 500 and 1000 rupee notes ceased to be accepted as a form of legal tender in… Continue reading A Giant Step to Boost Indian Economy: Demonetization of High Value 500 and 1000 Rupee Banknotes
FOREIGN DIRECT INVESTMENT ( FDI) BONANZA TO INDIAN ECONOMY : 2015 India is the fastest growing economy among major Nations. The World Bank has improved India’s ranking by 12 places in the 2016 Study of Ease of Doing Business. The Central Government has expressed its commitment towards three pillared aim of liberalization, ease of doing… Continue reading Untitled
The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Securities and Exchange Board of India (‘SEBI’) with the power conferred by SEBI Act, 1992 notified the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations 2015’) on 2nd September, 2015, whereby an endeavor were… Continue reading Moving towards an era of Listing Regulations from Listing Agreement
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