SEBI : The term ‘subsidiary’ or ‘subsidiary company’ as defined under the Companies Act, 2013[1] (‘Act’) refer to a company i...
Company Law : MCA has issued several notifications either to clarify or broaden the ambit of Schedule VII. This Notification is yet another step...
Company Law : Background With the advancement of web-based facilities, the world is becoming technology driven to a very large extent. Connectin...
Fema / RBI : In this article we shall discuss the concept of Payment Aggregator and Payment Gateway. Further, we intend to cover the applicabil...
Company Law : Currently, only companies that follows calendar year as financial year have been granted a 3-months relaxation from holding their ...
Income Tax : The manner of distribution of the assets of a company during liquidation is fraught with ambiguity and settlement of such claims a...
Company Law : NCLT held that the principle of imposition of minimum penalty is non-mandatory in compounding of offenses cases, it is necessary t...
SEBI : In one of the recent rulings of the SAT, Mumbai, the interim order passed by SEBI in the matter of Neesa Technologies Limited(Comp...
Fema / RBI : Securities and Exchange Board of India (hereinafter known as SEBI) in its Board Meeting held on 21st January, 2015 has approved pr...
Like every year, the Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce & Industry had released the Consolidated Foreign Direct Investment Policy Circular, 2016 (FDI Policy 2016) which took effect from June 7, 2016. Several amendments were made in various sectors vide Press Note No. 12 dated November 24, 2015. FDI Policy 2016 consolidates the amendments made vide press notes issued during the year as well as introduces few additional amendments
After a company becomes listed company, there are also regulations that govern the delisting of shares of the Company from one or more recognized stock exchanges. To delist means permanent removal of securities of a listed company from a stock exchange. As a result, the securities of that company would no longer be tradable at […]
Section 129 (3) read with Rule 6 of Companies (Accounts) Rules, 2014 (Rules) provides manner of consolidation of financial statements of subsidiaries pursuant to Schedule III of the Act, 2013 and the applicable Accounting Standards. Also explanation to Section 129 (3) clearly states that for the purposes of this sub-section, the word subsidiary shall include associate company and joint venture but that is not envisaged by the Accounting Standard.
This write-up discusses the changes made by way of the present notification in the definition of NRI and the Schedules to the principal regulation that govern the investments made by NRI on repatriation basis under portfolio investment scheme (Schedule 3) and Investment made on non-repatriation basis (Schedule 4).
ICAI, has clarified that the applicability of this section on fraud reporting is applicable only to the statutory auditors of the company, the cost accountant in practice, conducting cost audit under section 148 of the Act; and to the company secretary in practice, conducting secretarial audit under Section 204 of the Act. It shall also extend to a branch auditor appointed under Section 139 ‘to the extent it relates to the concerned branch’.
With the provision of additional 10% tax to be imposed on the investor on receipt dividend income, the Indian market is witnessing a rush to declare interim dividends before the amendment comes to life, i.e. from April 01, 2016. Accordingly the companies need to adequately arrange for the declaration and payment of interim dividend before the deadline of March 31, 2016.
Infrastructure and Industries, together they are amongst the few crucial areas of economy which determine the growth of a country by measuring the real development in their current state. Given the fact that investment in infrastructure is directly proportional to high economic growth; India has well utilized and encashed on the equation
1.What is an overseas JV? 2. What is meant by wholly-owned subsidiary, first level subsidiary and second level subsidiary? 3. How can direct investments (DI)/ financial commitments (FC) in overseas wholly owned subsidiaries/JVs be made? 4. What are the conditions to be followed to invest or give FC in overseas JVs and WOS? 5. What is the overall exposure limits?
In order to facilitate capital raising by small and medium enterprises including start-up companies which are in their early stages of growth and to provide for easier exit options for informed investors like angel investors, VCFs and PEs etc., from such companies, SEBI has decided to permit listing without an Initial Public Offer and trading […]
1. How does ECB compare with domestic borrowings in terms of costs? 2. What is the key difference between ECB and FDI? 3. What all instruments of borrowings /debt instruments are covered by the definition of “ECBs”? 4. What is the key difference between automatic route and approval route for ECBs? 5. What is the […]
