In view of the pandemic COVID-19, the Ministry of Corporate Affairs (“MCA”), has introduced the Companies Fresh Start Scheme, 2020 (“Company Scheme”) and revised the LLP Settlement Scheme, 2020 (“LLP Scheme”) to provide both companies and limited liability partnerships (“LLPs”)., irrespective of the duration of default, thereby make a fresh start as a fully compliant […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Vaibhav Modi, CA, CPA (Ire). of PGMJ & Associates. Vaibhav has joined IR as our Accounting Services member in India. The firm has been established to provide a platform for development of an institution to nurture the talent and to create a […]
In a significant move, the Ministry of Health and Family Welfare (“MoHFW”) on March 25, 2020, has issued the Telemedicine Practice Guidelines (“Guidelines”) for enabling Registered Medical Practitioners (“RMPs”) to provide healthcare using telemedicine. As per the Guidelines, ‘telemedicine’ is the delivery of health care services, where distance is a critical factor, by all the […]
The Union Finance & Corporate Affairs Minister, Government of India, Ms. Niramla Sitharaman, in her interactions with the press yesterday, i.e., on March 24, 2020, has announced multiple relaxations to statutory and regulatory compliances under various legislations viz., the Companies Act, 2013 (“CA2013”), Limited Liability Partnership Act, 2008 (“LLP Act”), Insolvency and Bankruptcy Code, 2016 […]
Restriction on Collection of Fees by Schools in Uttarakhand: Uttarakhand Education Department has released a circular on March 25, 2020 restricting all CBSE, ICSE and other boards affiliated aided and un-aided schools within Uttarakhand from collection of fees till re-opening of the schools. All schools within Uttarakhand have been directed not to force the parents […]
Amidst the current widespread pandemic circumstances arising due to COVID-19 virus, various government agencies have been making announcements providing much-needed relief to various stakeholders to tide over these uncertain periods. In this newsflash, the ALMT capital market team have put together a snapshot of some of the additional relaxations made by the Securities and Exchange […]
Due to the global healthcare pandemic #Covid19, Government of India has issued directives and announcements on various issues. In the below attached newsflash, ALMT corporate, tax and employment team have put together a snapshot of some of the important measures, relaxations and clarifications that would affect businesses in India. For further clarifications and details on […]
The medium to long term financial effects of Coronavirus are yet to unfold, but the magnitude is already anticipated to be huge. Many countries across the world are announcing financial packages for businesses. India is also on the track to take a decision on relief packages. With widespread lockdowns, the coming months are expected to […]
The Reserve Bank of India (RBI) recently issued guidelines to regulate payment aggregators (PA) and payment gateways (PG) that act as intermediaries facilitating online payments. The guidelines go into effect from April 1, 2020. Who is Covered? The guidelines define PAs as entities that facilitate e-commerce sites and merchants to accept various payment instruments from […]
Part 1: Force Majeure and Suspension/Termination of Contracts Coronavirus (COVID-19) is turning out to be a twin fold pandemic – that started with affecting public health and soon spread throughout the economy. Sudden global shutdown and travel restrictions have brought the economy to a screeching halt before most of us could even comprehend the real […]
The crypto-currency platforms have been subjected to various governmental actions in the past without the virtual currencies being banned in India. In a huge relief to the crypto-currency exchanges and platforms, the Supreme Court of India in its recent judgment in the matter of Internet and Mobile Association of India vs. Reserve Bank of India […]
QUESTION ONE – When representing a client with significant business activities in foreign jurisdictions, what are some key risk-related concerns that arise in a cross-border context and how can a parent company minimise such risk? When advising companies dealing with significant business activities in a foreign jurisdiction, we find it helpful to assess risk in […]