Others - Corporate Law Reporter

Competition Commission of India amends the combination regulations

As part of its ongoing and regular efforts to make M&A filing requirements simpler and readily acceptable to various stakeholders, the Competition Commission of India (CCI) has revised its Combination Regulations, making them more forward looking, in keeping with some of the best practices in other jurisdictions. The CCI, at the time of publishing the… Read More

Master Circular on Import of Goods and Services

RBI/2015-16/82 Master Circular No.13/2015-16 July 01, 2015 To, All Category I Authorised Dealer Banks Madam / Sir, Master Circular on Import of Goods and Services Import of Goods and Services into India is being allowed in terms of Section 5 of the Foreign Exchange Management Act 1999 (42 of 1999), read with Notification No. G.S.R.… Read More

PE deals touch a new high in 2015

Private Equity (PE) firms are working at full throttle. Be it fund raising, fresh investment, exits or secondary transactions all seems to be heating up now like never before. As per the latest available data, there has seen 350 PE transactions worth $12.69 billion which is higher than previous annual record of $10.88 billion in… Read More

UAN mandatory for employers under EPF Act, 1952

As per the Act 1952, it is mandatory for the employers covered under this legislation to obtain Universal Account Number (UAN). The government was considering the proposal to make UAN mandatory for availing of benefit of the scheme. The UAN facility was launched by Prime Minister Narendra Modi in October last year. As per the… Read More

Stock Market turns bullish as Sensex & Nifty rises up

The benchmark BSE index extended its gains by 278 points, while Nifty reclaimed 8,300 mark in morning trade on Monday supported by all-round buying BY real estate, banking & FMCG sector. The Sensex resumed higher at 27,427.19 and a touched high of 27,601.06 before quoting at 27,594.37, a rise of 278.20 points or 1.02 per… Read More

Seminar on FEMA Regulations and Foreign Investments on 26th June, 2015(Friday) at Bangalore

Astrazure Presents FEMA Regulations and Foreign Investments 26th June , 2015 (Friday) at Bangalore INTRODUCTION In the light of economic reforms and the liberalised business scenario in the country, the Foreign Exchange Management Act (FEMA) was introduced in India in 1999 which emerged as an investor friendly legislation. This act relaxed foreign exchange… Read More

Amendment to Prevention of Money Laundering (Maintenance of Records) Rules, 2005 additional documents for the limited purpose of ˜proof of address™

RBI/2014-15/633 DBR. AML.BC. No.104/14.01.001/2014-15 June 11, 2015 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ all NBFCs/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (StCBs / CCBs) /All Payment System Providers/ System Participants and Prepaid Payment Instrument Issuers/ All authorised persons including… Read More

Negotiable Instruments (Amendment) Ordinance, 2015 gets nod from President

Promulgated by the President in the Sixty-sixth Year of the Republic of India. An Ordinance further to amend the Negotiable Instruments Act, 1881. WHEREAS the Negotiable Instruments (Amendment) Bill, 2015 has been passed by the House of the People and is pending in the Council of States; AND WHEREAS, Parliament is not in session and… Read More

Seminar on FEMA Regulations and Foreign Investments on 26th June , 2015 (Friday) at Bangalore

Astrazure Presents FEMA Regulations and Foreign Investments 26th June , 2015 (Friday) at Bangalore INTRODUCTION In the light of economic reforms and the liberalised business scenario in the country, the Foreign Exchange Management Act (FEMA) was introduced in India in 1999 which emerged as an investor friendly legislation. This act relaxed foreign exchange… Read More

Seminar on Vendor Risk Management on 5th June, 2015 at New Delhi

Achromic Point Consulting would like to take this opportunity to inform and invite you to our upcoming seminar on Vendor Risk Management with our Knowledge Partner Deloitte and our Technology Partner IBM Commerce scheduled in New Delhi on 5th June 2015. The scale of reliance on technology and outsourcing vendors is at its highest ever, due to mounting regulation and increasing complexity within the… Read More

Rupee Drawing Arrangement – Increase in trade related remittance limit

RBI/2014-15/603 A. P. (DIR Series) Circular No. 102 May 21, 2015 To, All Authorised Dealer Category - I Banks Madam / Sir, Rupee Drawing Arrangement - Increase in trade related remittance limit Attention of Authorised Dealer Category I (AD Category I) banks is invited to Part (B) of Annex-I to the A.P. (DIR Series) Circular… Read More

External Commercial Borrowings (ECB) denominated in Indian Rupees (INR) Mobilisation of INR

RBI/2014-15/608 A. P. (DIR Series) Circular No. 103 May 21, 2015 To All Category-I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) denominated in Indian Rupees (INR) Mobilisation of INR Attention of Authorized Dealers Category I (AD Cat I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000… Read More

Foreign Currency (Non-Resident) Account (Banks) (FCNR (B)) Scheme

RBI/2014-15/596 A.P. (DIR Series) Circular No. 98 May 14, 2015 To All Category - I Authorised Dealer Banks Madam / Sir, Foreign Currency (Non-Resident) Account (Banks) (FCNR (B)) Scheme Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 2 of the Foreign Exchange Management (Deposit) Regulations, 2000, notified vide Notification No. FEMA 5/2000-RB… Read More