Liberalised Remittance Scheme for Resident Individuals- Reduction of limit from USD 200,000 to USD 75,000
RBI/2013-14/181 A. P. (DIR Series) Circular No.24 August 14, 2013 To All Category-I Authorised Dealer Banks Madam / Sir, Liberalised Remittance Scheme for Resident Individuals- Reduction of limit from USD 200,000 to USD 75,000 Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to the guidelines regarding the Liberalised Remittance… Read More
Tags: Anno Domini, April-March, Categories of New Testament manuscripts, Foreign Exchange Management Act, India, Joint venture, Subsidiary, USD
Overseas Direct Investments
RBI/2013-14/180 A. P. (DIR Series) Circular No.23 August 14, 2013 To All Category-I Authorised Dealer Banks Madam / Sir, Overseas Direct Investments Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to the Notification No. FEMA.120/RB-2004 dated July 7, 2004, [Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations,… Read More
Tags: Anno Domini, foreign direct investment, Foreign Exchange Management Act, Joint venture, Oil and Natural Gas Corporation, Oil India Ltd, One Day International, Reserve Bank of India
Master Circular on Direct Investment by Residents in Joint Venture (JV) /Wholly Owned Subsidiary (WOS) Abroad
RBI/2013-14/11 Master Circular No.11/2013-14 July 01, 2013 To, All Authorised Dealer Category - I banks Madam / Sir, Master Circular on Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad Direct investments by residents in Joint Venture (JV) and Wholly Owned Subsidiary (WOS) abroad are being allowed, in terms of… Read More
Tags: Business, Espoo, Foreign Exchange Management Act, Joint venture, Master Circulars 1st July 2013, Nokia, Nokia Siemens Network, Siemens, Subsidiary
Format for seeking clarifications on the FDI policy issues
(Bharat Sarkar) Ministry of Commerce & Industry (Vanijya our Udyog Mantralay) Department of Industrial Policy & Promotion (Audyogik Neeti Aur Samvardhan Vibhag) Dated the May10, 2013 NOTICE Subject: Format for seeking clarifications on the FDI policy issues This Department has been receiving a large number of requests from various stakeholders seeking clarifications on the provisions of FDI policy. It is noted that many of the requests for clarification do… Read More
Tags: Asia, Department of Industrial Policy & Promotion, foreign direct investment, Government, Government of India, India, Joint venture, Retail
CBEC examines issues regarding difficulties faced in availing exemption in Oil Exploration Sector
Circular No. 21 /2013-Customs F.No.B1/20/2013 -TRU Government of India Ministry of Finance (Department of Revenue) Tax Research Unit ***** New Delhi, dated 16th May, 2013 To, All Chief Commissioners of Customs. All Chief Commissioners of Customs & Central Excise. All Chief Commissioners of Central Excise. Subject: Difficulties being faced in availing exemption relating to the… Read More
Tags: Contract, Government of India, India, Joint venture, New Delhi, New Exploration Licensing Policy, Subcontractor, Tax exemption
FDI Proposals Approved by the Government
Further to para 8 of the Press Release dated March 25, 2013, wherein it was stated that decision of the 6 (Six) proposals will be communicated separately, the Central Government has approved two (2)Proposals of Foreign Direct Investment (FDI) amounting to Rs. 89.33 crore approximately. In addition, one proposal viz., M/s Yes Bank Limited, Mumbai amounting to Rs. 2650.00 crore, has been… Read More
Tags: Bangalore, Cabinet Committee on Economic Affairs, foreign direct investment, Foreign Investment Promotion Board, India, Joint venture, Mumbai, Yes Bank
Guidelines on Investment in Insurance for Core Investment Companies
RBI/2012-13/466 DNBS(PD) CC.No.322/03.10.001/2012-13 April 1, 2013 All NBFCs Dear Sirs, Core Investment Companies Guidelines on Investment in Insurance At present NBFCs venturing into insurance are guided by the circular DNBS(PD).CC.No.13/02.01/99-2000 dated June 30, 2000 on amendment to NBFC Regulations which contains the ˜Guidelines for entry of NBFCs into Insurance™. In view of the unique business model of… Read More
Tags: Business, Core Investment Companies, Insurance, Joint venture, NBFC, Non-banking financial company, Regulation, Reserve Bank, Run batted in
Government Approves 6 Proposals of Foreign Direct Investment
Government Approves 6 Proposals of Foreign Direct Investment Amounting to Rs. 732.77 Crore Approximately Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on March 6, 2013, the Government has approved six (6) Proposals of Foreign Direct Investment (FDI) amounting toRs.732.77 crore approximately. Details of Proposals considered in the Foreign… Read More
Tags: Andhra Pradesh, FIPB, foreign direct investment, Foreign Investment Promotion Board, Government, India, Joint venture, Mumbai
Definition of Related Party – A Comparative Analysis
Related party relationships are a normal feature of commerce and business. For example, entities frequently carry on parts of their activities through subsidiaries, joint ventures and associates. In those circumstances, the entity has the ability to affect the financial and operating policies of the investee through the presence of control, joint control or significant influence.… Read More
Tags: Board of directors, Business, Companies Act 1956, Hindu Undivided Family, Income Tax Act, Income Tax Act 1961, India, Joint venture, Subsidiary, transfer pricing