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2016 Amendment to the FCRA

2016 Amendment to the FCRA This article briefly examines the 2016 amendment to the Foreign Contribution (Regulation) Act, 2010 (“FCRA”), which allows Indian companies owned/controlled by foreign persons to be excluded from the purview of FCRA and how it directly defeats the very purpose of FCRA. Background The FCRA regulates receipt of foreign contribution from… Read More

Cross-Border Mergers.

Merger and acquisition activity plummeted in 2015. However, a steep rise in the same was expected owing to the renewed bankruptcy legislations. The previously applicable Companies Act, 1956 had been replaced by the Companies Act of 2013, with a view to react to the fast-evolving requirements and financial activities of India’s business models. While ‘merger’… Read More

Tags: Companies Actcross-border mergersIndian Corporate LawM&A

Provisions under Companies Act, 2013

Various Committees and provisions under Companies Act, 2013 1. CSR Committee (Section 135 of Companies Act 2013) Every company having the following criteria shall contribute in every financial year, at least two per cent. Of the average net profits of the company made during the three immediately preceding financial years Net Worth: Rs. 500 Crores    … Read More

Tags: Audit CommitteeCompanies ActCompanies Act 2013Companies AuditorCSR CommitteeInternal auditWomen Director

Pros And Cons of Investing in Fixed Deposits

Pros And Cons of Investing in Fixed Deposits

It would not be an overstatement to say that fixed deposits have been one of the most favoured investment options in India. Although it can be conventional,  it has definitely made a place for itself among other options like mutual funds and real estate etc. Before making any solid investment, it is important to study… Read More

Tags: fd interest ratesfixed deposit calculatorfixed deposit schemesfixed deposit termsfixed deposits indiahighest term deposits

Goods and Services Tax: A quick snippet

The 122nd constitutional amendment marked the beginning of the much awaited and discussed indirect tax reform, GST i.e. Goods and Services Tax which saw the light after being signed by the President and ratified by more than fifty percent of the state legislatures. The basic objective behind this reform was to overcome the intense obstacles… Read More

Introduction of SPICE for e- MOA and AOA: Incorporation of a Company further simplified

The Ministry of Corporate Affairs (“MCA”), took a valiant and a versatile step towards Government Process Reengineering (“GPR”) by launching a simplified proforma for incorporating a Company electronically (SPICe- form INC-32)[1]as a part of  the Companies (Incorporation) Fourth Amendment Rules, 2016on 1st October 2016.[2]By introduction of SPICe, MCA seeks to achieve a speedy incorporation service… Read More

Semiconductor Integrated circuit layout design: An Intellectual property protection in Indian Regime

Abstract The growth and development in the world has far ago created a new stream to be considered as property i.e. the intellectual property. These properties are created by human who possess intelligence, creativity, intellect, etc which ultimately provide them the right in respect of such property, which is furthermore protected by the government. The… Read More

RBI’s Path towards Liberalisation.

The Reserve Bank of India (RBI) lies at the apex of the banking and financial structure of the country. Recently, it published various notifications that loosened certain restrictions and espoused a smooth-running of its policies. The predominant features are discussed hereunder. 1. FDI norms liberalized for NBFC’S: During the Budget Speech of 2016, the Esteemed… Read More

Tags: Central bankIndian Corporate LawReserve Bank of India

Takeover Defenses in India

Hostile takeovers have been relatively uncommon in India compared to Western jurisdictions. However, it has been observed in recent times that the trend is slowly but surely catching up in India as well. While the Takeover Code and the Companies Act mandate several disclosure requirements which make it considerably difficult for hostile raiders to acquire… Read More

Tags: brand pillhostile takeoverM&Apoison pilltakeover code

Corporate Law Referencer 2nd Edition – It’s Different!

Dear Professoinal Colleagues ! • Are you still using the old alarm clock? • Are you still using the old cameras with camera rolls? • Are you still using the old black and white cell phone on which you have to press the button multiple times to type an alphabet? • Are you not on any… Read More

Tag: Corporate Law Referencer

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