Every year, the budget brings new possibilities and expectations for the industry and this year was no different. The Union Budget (“Budget 2015”) created some positive buzz for the private equity and venture capital funds. Given below are a few of our preliminary observations on certain proposals put forth by Budget 2015 vis-à-vis the […]
Our Client is an Italian-based company active in the thermoplastic compound field; they have unique patented products and current turnover of about $ 50 Million. They have heavily invested in research and development and patented products with high resistance to water and high temperatures, which are particularly attractive to many potential Clients (for example Middle […]
With the recent surge in e-commerce, the use of electronic means for executing contracts in India is becoming increasingly common. This brings to the fore the question of whether such electronic contracts (or as more popularly known as e-contracts) can constitute valid contracts under Indian laws. While the (Indian) Contract Act, 1872 (“ICA”) does […]
You have probably heard of the term “garden leave”, but what exactly does it mean? And is it the same thing as “gardening leave”? Garden leave is basically a device which an employer can use to help protect itself against possible mischief by an employee during his notice period when the employee has resigned or […]
Indian Prime Minister’s three nation visit to Germany, France and Canada with the thrust on “Make in India” can easily be seen as a mood of this 12 month old Government. The growth in the GDP in 2014-15 and with IMF projecting India as overtaking China in growth rate in 2017-18, these is just the reflection of […]
International Referral, the world’s largest exclusive network of advisory firms is delighted to introduce Sess Sigre of Turbervilles Solicitors. Sess has joined IR as our exclusive Private Equity member in England. Headquartered in Uxbridge but with a number of offices servicing London, West London and the Home Counties, we are a leading law firm, listed […]
The Government of India, on Wednesday December 10, approved amendments to the Electricity Act, 2003 in terms of the amendment bill proposed by the Ministry of Power. The Ministry of Power had sometime in October 2014 circulated the draft amendments to concerned administrative authorities including the Central Electricity Authority, the Central Electricity Regulatory Commission, […]
It is the time of the year when the Franchise, Retail, Licensing and Real Estate industry comes together for the ‘Biggest Business Show of the Year’. Franchise India is hosting the 12th annual edition of its flagship event “Franchise India 2014”on October 11-12, 2014, at Pragati Maidan, New Delhi. The diverse business zones at […]
International Referral, the world’s largest exclusive network of advisory firms is delighted to introduce Balthasar Wicki of Wicki Partners AG. Balthasar has joined IR as our exclusive Private Equity member in Switzerland. Balthasar Wicki and the experts of Wicki Attorneys-at-Law offer entrepreneurs and companies their extensive knowledge and experience for a new way to access […]
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 […]
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 […]
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 […]