RBI Issues New Pricing Guidelines for FDI The Reserve Bank of India (“RBI”) has recently modified the existing pricing guidelines governing subscription to, or transfer of, shares of unlisted Indian companies by, or to, non-residents, and for exit from investment in equity shares with or without optionality clauses of unlisted Indian companies, vide its […]
MUMBAI: Foreign law companies including UK’s magic circle firms are strengthening their India desks by adding experienced dealmakers in Singapore and London, as building investor confidence towards India is expected to drive cross-border mergers and acquisitions. Market experts say they see deal activity picking up with companies exploring M&A as well as fundraising opportunities, as […]
International Referral, the world’s largest exclusive network of advisory firms is delighted to introduce Rajat Taimni of Tuli & Co Solicitors and Advocates. Rajat has joined IR as our exclusive Commercial Mediation member in India. Rajat has more than 15 years’ experience in dispute resolution including litigation, arbitration and mediation. He and the team of […]
The Ministry of Labour and Employment has by a notification relaxed the applicability of sections 28, 30 and 35 of the Mines Act, 1952, to persons employed in the exploration and production of oil and gas mines in India. The aforesaid sections of the Mines Act, 1952 provide for (i) a 6 day working week […]
Service Tax Changes applicable with immediate effect i.e. from 11th July, 2014 onwards Amendments related to Mega Exemption Notification Service Tax made applicable on Air-conditioned Contract Carriages (benefit of abatement is allowed and service tax is payable on 40% of the value of service); Service Tax made applicable on Clinical Research Organization; Service Tax made […]
The Union Budget 2014-15 was presented by Finance Minister Arun Jaitley in the Parliament on July 10, 2014. Here are some of the key highlights of the Budget relating to the education sector and to foreign direct investments in India: Education – Waiver of Service Tax Exemption: The Mega Exemption Notification No. 25/2012-ST […]
Appointment of Independent Directors under the Companies Act, 2013 In terms of the recently enforced Companies Act, 2013 (“CA13”), read with the Companies (Appointment and Qualification of Directors) Rules, 2014, listed public companies and certain unlisted public companies are required to appoint independent directors in accordance with CA13 (please refer to our newsletter of May […]
International Referral, the world’s largest exclusive network of advisory firms is delighted to introduce Jayesh Desai of Jayesh Desai Attorneys. Jayesh has joined IR as our exclusive Insolvency member in India. Member of Bombay Bar Association since January 1984. Jayesh Desai & Associates – 1997 – Present Proprietorship firm engaged in general legal practice Nature of […]
Neeraj Bhagat & Co. is a leading CA firm in Delhi Gurgaon India. We are a team of distinguished Chartered accountants in Delhi, corporate financial advisors and service tax consultants in Delhi that provides accounts outsourcing, business advisory solutions including auditing, taxation, management consultancy and advisory services to various corporate and commercial clients as well […]
As per Section 184(1) & Rule 9 of the Companies (Meetings of Board and its Powers) Rules, 2014 Every Director shall disclose his concern or interest at the first meeting of the Board held in every financial year in Form No. MBP.1. Disclosure of interest both in the form of directorship and shareholding in Companies, […]
A note outlining the general duties of directors set out in section 166 in chapter XI of the Companies Act 2013 (“2013 Act”). All references to sections are to sections of the 2013 Act. Section 166 in chapter XI came into force on 1 April 2014. This note covers duties owed by a director, in […]
The Master Franchise Show 2014 is back on June 14 and June 15, 2014. Hosted by Franchise India, the Master Franchise Conference will focus on important dynamics of operations, finance or managerial aspects relevant for any large franchisee for growing their business. The Conference will give extensive insight and actionable takeaways and breakthrough sessions aimed […]