Category - Business Law

CAIT complains commerce ministry for violation of FDI norms by E- commerce firms

CLR Note: The Confederation of the All India Traders Association has alleged that e-commerce firms are violating FDI norms by  holding the festive sales and these companies solicit general public which tantamounts to retail trading and FDI is strictly prohibited in the reatil trading format. Traders body CAIT has alleged that e-commerce firms such as… Read More

Streamlining the Procedure for Grant of Industrial Licenses

Government of India Ministry of Commerce and Industry Department of Industry Policy & Promotion Udyog Bhavan, New Delhi Press Note No. 10 (2015  series) STREAMLINING THE PROCEDURE FOR GRANT OF INDUSTRIAL LICENSES  The initial validity of Industrial License for Defence Sector, as per Press Note 5 (2015 series), is presently seven years, further extendable up to… Read More

Review of the existing Foreign Direct Investment policy on Partly Paid Shares and Warrants

CLR NOTES Analysis of Press Release No. 9 issued by Department of Industrial Policy & Promotion The department of Industrial Policy and Promotion has issued a Press Release No. 9 dated 16th September, 2015 for amending clause 2.1.5 of the FDI Policy. Earlier, clause 2.1.5 read as follows: ˜Capital™ means equity shares; fully, compulsorily & mandatorily… Read More

Clarification on FDI Policy on Facility Sharing Arrangements between Group Companies

CLR NOTES Analysis of Clarification dated 15th September, 2015 issued by Department of Industrial Policy & Promotion The Department of Industrial Policy and Promotion has issued a clarification dated 15th September, 2015 w.r.t. that whether Facility sharing arrangements between the group companies shall be construed as 'real estate' business activity or not. The department clarified that:… Read More

Modification of Import Export Code (IEC) to be online only from 21.09.2015

Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Public Notice 36 /2015-2020 Dated the 14 September, 2015 Subject: Operationalisation of modification in IEC reg. The new format of online application form for issue/modification in IEC has been notified vide Public Notice No. 76 dated 27.11.2014. Subsequently online application… Read More

Govt. targets measures for ˜Ease of Doing Business in India™ to make India most preferred business destination

The Government of India has taken up a series of measures to improve Ease of Doing Business in respect of which Department of Industrial Policy and Promotion(DIPP)  had issued a notice dated 11th August, 2015. The emphasis has been on simplification and rationalization of the existing rules and introduction of information technology to make governance more… Read More

Introduction of Composite caps for simplification of Foreign Direct Investment(FDI) Policy to attract Foreign Investments in various sectors

The Department of Industrial Policy and Promotion has issued a press note No. 8 (2015 Series) after reviewing the caps in FDI Policy on various sectors in the Consolidated FDI Policy Circular of 2015 which is in force from 12th May, 2015 by introducing various composite caps to ensure and bring up simplification and uniformity… Read More

Guidelines for permitting the use of ‘Make in India’ logo

GOVERNMENT OF INDIA Department of Industrial Policy & Promotion BE-III Division F. No.: 5(46)/2014-BE-III                                                                                  … Read More

Release of Foreign Trade Policy 2015-20

HIGHLIGHTS OF THE FOREIGN TRADE POLICY 2015-2020 A. SIMPLIFICATION & MERGER OF REWARD SCHEMES Export from India Schemes: 1. Merchandise Exports from India Scheme (MEIS) (a) Earlier there were 5 different schemes (Focus Product Scheme, Market Linked Focus Product Scheme, Focus Market Scheme, Agri.Infrastructure Incentive Scrip, VKGUY) for rewarding merchandise exports with different kinds of duty scrips with varying conditions (sector… Read More

Govt. raises FDI in Insurance Sector to 49%

The government has raised the FDI cap in insurance from 26 to 49% through a notification issued by the DIPP. The limit is composite in nature as it includes foreign investment in forms of foreign portfolio investment, foreign institutional investment, qualified foreign investment, foreign venture capital investment and non-resident investment. The Insurance Bill, which has been… Read More

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