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Corporate Law - Para 5.2 (h) of FDI Policy is replaced with the following: Wherever the foreign investor wishes to specify a particular auditor/audit firm having international network for the Indian investee company, then audit of such investee companies should be carried out as joint audit wherein one of the auditors should not be part of the same netwo...
Read MoreCorporate Law - The Foreign Trade Policy Statement explains the vision, goals and objectives underpinning the Foreign Trade Policy for the period 2015-2020, as updated through the mid-term review completed in December 2017. Keeping in the backdrop the global trade developments, it describes the market and product strategy, and the other measures required...
Read MoreCorporate Law - The Finance Minister in his budget speech for FY 2017-18 had included a significant proposal of abolishing the Foreign Investment Promotion Board (FIPB) and replace it with a decentralized mechanism at the respective ministry level to examine and approve FDI proposals in India....
Read MoreCorporate Law - While allowing FDI in LLP, the Government of India, has taken a very precautionary approach by only allowing FDI under approval route in sectors where 100% FDI is allowed, under the automatic route and there are no FDI-linked performance related conditions, for example sectors like power, roads, information technology, manufacturing etc ....
Read MoreCorporate Law - A few weeks ago, Akash Jain, a young entrepreneur from Bengaluru, tweeted the Swachh Bharat logo printed on his sister’s wedding card and became the toast of mainstream media. ...
Read MoreCorporate Law - With FIPB getting abolished, it is expected that foreign investment proposals will be considered by the concerned ministry in consultation with the DIPP. Towards this end it is hoped that DIPP comes out with clear guidelines and operating procedures defining the parameters that should be considered for clearance of proposals. This would i...
Read MoreCorporate Law - The Government in last three years has undertaken a number of reforms in different areas of economy. In this regard FDI policy reforms carried out by Government are nothing less than historic. ...
Read MoreCorporate Law - Ministry of Food Processing Industries has held three meetings on 17.03.2016, 03.08.2016 and 27.02.2017 with Ambassadors and High Commissioners in India of various foreign countries namely Australia, China, Canada, France, Indonesia, Japan, Korea, Netherland, Poland, Russia, Singapore, UK, New Zealand, UAE, Thailand, Germany, Belgium, Bra...
Read MoreCorporate Law - Comments/ suggestions on 'Consolidated Foreign Direct Investment Policy Circular of 2016' are invited from stakeholders by 27/01/2017 for consideration....
Read MoreCorporate Law - The power sector in India has witnessed a major addition in capacity in the last 2 years, making India the fifth largest installed capacity in the world. As of October 2016, the installed power capacity was 307.28 GW. Private capacity generation has increased to 124 GW in FY2015- 16, which constitutes 41% of the total power generated in t...
Read MoreD/o IPP F. No. 5(1)/2017-FC-1 - (28/08/2017) - Consolidated FDI Policy Circular of 2017 Effective from August 28, 2017- It is the intent and objective of the Government of India to attract and promote foreign direct investment in order to supplement domestic capital, technology and skills, for accelerated economic growth. Foreign Direct Investme...
Read MorePress Note No. 1 (2017 Series) - (20/02/2017) - Infrastructure companies in Securities Markets, namely, stock exchanges, commodity exchanges, corporations, Regulations depositories and clearing in compliance with SEBI...
Read MorePress Note No. 6 (2016 Series) - (09/10/2016) - Foreign investment in 'Other Financial Services' activities shall be subject to conditionalities, including minimum capitalization norms, as specified by the concerned Regulator/Government Agency....
Read MoreRBI/2016-17/90 A.P. (DIR Series) Circular No. 8 - (20/10/2016) - On a review, in consultation with the Government of India, it has been decided to allow foreign investment up to 100% under the automatic route in ‘Other Financial Services’....
Read MorePress Note No. 5 (2016 Series) - (24/06/2016) - The Government of India has reviewed the extant FDI policy on various sectors and made following amendments in the Consolidated FDI Policy Circular of 2016 issued on June 07, 2016 (FDI Policy)....
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D/o IPP F. No. 5(1)/2017-FC-1 - (28/08/2017) -
Press Note No. 1 (2017 Series) - (20/02/2017) -
