Category - Business Law

Radical changes in FDI policy regime

Major impetus to job creation and infrastructure: Radical changes in FDI policy regime; Most sectors on automatic route for FDI The Union Government has radically liberalized the FDI regime today, with the objective of providing major impetus to employment and job creation in India. The decision was taken at a high-level meeting chaired by Prime… Read More

Initiatives on Improving ‘Ease of Doing Business’ in India as on 7th June, 2016

Ease of Doing Business India’s rank in the Doing Business Report 2015 was 142 among 189 countries, which improved to 130 in the Doing Business Report, 2016. Government of India has emphasized on the importance of ‘Ease of Doing Business’ and it is a major pillar of ‘Make in India’ initiative. It is working extensively… Read More

The Insolvency and Bankruptcy Code 2016

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 28th May, 2016/Jyaistha 7, 1938 (Saka) The following Act of Parliament received the assent of the President on the 28th May, 2016, and is hereby published for general information:— THE INSOLVENCY AND BANKRUPTCY CODE, 2016 NO. 31 OF 2016 [28th May, 2016.] An Act to… Read More

Guidance Note on Accounting for Real Estate Transactions

The Institute of Chartered Accountants of India has introduced Guidance Note on Accounting for Real Estate Transactions. Please click here to download Guidance Note on Accounting for Real Estate Transactions Read More

BANKRUPTCY CODE: A PROGRESSIVE BILL AND A NEED OF THE HOUR

INTRODUCTION: Law as an instrument is the best tool as well as the worst disability. It can enable you, and at the same time varied interpretation of the same law may disable your process. It is, therefore, of central importance that law should enable business or what in better way is known as enable “ease… Read More

Government Approves Seven (07) Proposals of Foreign Direct Investment (FDI)

Government Approves Seven (07) Proposals of Foreign Direct Investment (FDI) Amounting to Rs. 517.57 crore Approximately Based on the recommendations of Foreign Investment Promotion Board in its 233rd meeting held on 8th April 2016, the Government has approved seven FDI proposals involving FDI of Rs. 517.57 crore, which includes post facto amount of Rs. 18.46… Read More

Winding up of National Manufacturing Competitiveness Council

MINISTRY OF COMMERCE AND INDUSTRY (Department of Industrial Policy and Promotion) NOTIFICATION New Delhi, the 11th March, 2016 S.O. 1100(E)----In pursuance of the decision taken by the Cabinet Committee of Economic Affairs(CCEA) in its meeting on 2nd March, 2016, the Central Government hereby notifies the winding up of National Manufacturing Competitiveness Council with immediate effect.… Read More

Ease of doing construction business in Delhi and Mumbai

Progress on ease of doing construction business in Delhi and Mumbai reviewed DIPP lauds 4-page Common Application Form introduced by MCDs Substantial progress in integration of approvals by different agencies in Delhi The three Municipal Corporations of Delhi have reported substantial progress in respect of ensuring single window clearences for construction projects in the stipulated… Read More

Foreign Direct Investment in Limited Liability Partnerships

Limited Liability Partnership [hereinafter, LLP] has been recognized as a premium vehicle for business administration of service providers on account of its perpetual succession, restricted liability and efficient structure. The principal Act, i.e., the Limited Liability Partnership Act, 2008 [hereinafter, LLP Act], whose primary object is to enable professional expertise and entrepreneurial initiative, was widely… Read More

Clarifications on Guidelines on Cross Border Reinsurers

Guidelines on Cross Border Reinsurers Ref: IRDAI/NL/GDL/RIN/017/01/2016 Date: 19-01-2016 1. Introduction The Authority had vide Circular ref IRDA/NL/GDL/RIN/015/01/2012 dated 06- 01-2012 issued Guidelines on submission of information on Cross Border Reinsurers not having any physical presence in India and do reinsurance business with Indian insurance companies. The above guidelines are revised herewith in order to… Read More

Corrigendum – II for Creative agency for Startup India

No. 6(7)/2016-BE.I Government of India Ministry of Commerce and Industry Department of Industrial Policy and Promotion BE-I Section ... New Delhi, the 6th April, 2016 CORRIGENDUM This is with reference to RFP document for proposal (Rfp) document for selection of Creative Agency for Startup India for Department of Industrial Policy and Promotion uploaded on the… Read More

Winding up of National Manufacturing Competitiveness Council

MINISTRY OF COMMERCE AND INDUSTRY (Department of Industrial Policy and Promotion) NOTIFICATION New Delhi, the 11th March, 2016 S.O. 1100(E).- In pursuance of the decision taken by the Cabinet Committee of Economic Affairs(CCEA) in its meeting on 2nd March, 2016, the Central Government hereby notifies the winding up of National Manufacturing Competitiveness Council with immediate effect.… Read More

Extension for uploading of status of KYC related details for Insurance Policies on Insurance Transactions Exchange (iTrex)

Ref:IRDA/INT/CIR/INSRE/066/04/2016 Date:06-04-2016 Extension for uploading of status of KYC related details for Insurance Policies on Insurance Transactions Exchange (iTrex). This refers to the Authority’s circular ref: IRDA/INT/CIR/INSRE/032/02/2016 dated 20th February, 2016 and a letter (Ref: IRDA/INT/2015/6) dated 29th March, 2016 requesting uploading the status of KYC related details for Insurance Policies up to 31st December,… Read More

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