Others - Corporate Law Reporter

Asset Management Companies and their growing importance in the field of investment

1.INTRODUCTION Asset Management is defined as a systematic process of long term maintenance of assets, with the objective of bringing out the best results from the assets and… Read More

RBI Seeks Comments on Draft Circular for Card Payments Removal of requirement of Additional Factor of Authentication for small value card present transactions

The Reserve Bank of India has today placed on its website the Draft Circular for Card Payments - Removal of requirement of Additional Factor of Authentication for small value card present transactions, for feedback. Comments may be emailed or sent by post to the Chief General Manager, Department of Payment and Settlement Systems, Reserve Bank… Read More

Foreign Investors raised various tax related issues at a meet with the FM

Foreign investors on Saturday raised several tax-related issues with Finance Minister Arun Jaitley at a meeting organised by the National Stock Exchange (NSE). According to sources, issues regarding applicability of minimum alternate tax (MAT) and permanent establishment (PEs) were discussed with the finance minister. JPMorgan, HSBC and Morgan Stanley were among the foreign portfolio… Read More

Term Repo Auctions during March 2015

In order to address the anticipated tightening in liquidity conditions on account of advance tax payments by corporates commencing mid-March 2015 and with a view to providing flexibility to the banking system in its liquidity management towards March-end 2015, the Reserve Bank of India will conduct term repo auctions of appropriate amounts and tenors (in… Read More

Workshop on “Corporate Finance” by VC Circle at Mumbai on 13th March, 2015

In a business every decision made has financial implications, and any decision which involves the use of money is a corporate financial decision. In short, every activity that a business does fits under the rubric of corporate finance. Corporate finance is primarily concerned with maximizing shareholder value through long-term and short-term financial planning and the… Read More

Master Class on “Drafting and Negotiating Commercial Contracts” by VC Circle at Mumbai

In today™s highly competitive and cost-conscious environment, negotiating and drafting commercial contracts is an important part of business activity. Over 85% of business transactions are governed by contracts and hence it is necessary that contracts be aligned with business expectations. It requires legal professionals to be well versed with the drafting techniques and expertise to… Read More

3rd National Conference on ” Value Creation through Mergers & Acquisitions” on 25th March, 2015 at New Delhi

3rd National Conference on Value Creation through Mergers & Acquisitions Challenges and Opportunities Based on the Actual Case Study Wednesday, 25th March, 2015 Hotel Shangri-La, New Delhi The Indian economic reforms have opened up a whole lot of challenges both in the domestic and international spheres. The increased competition in the global market has prompted… Read More

Changes in Service Tax Rules in Budget 2015

In exercise of the powers conferred by sub-section (1) read with sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the Service Tax Rules, 1994, namely:- 1. (1) These rules may be called the Service Tax (Amendment) Rules, 2015. (2)… Read More

Petrol and diesel prices hiked on Budget day

Petrol price was on Saturday hiked by Rs 3.18 per litre and diesel by Rs 3.09, the second increase in rates this month on rising international oil rates. The increase is effective from Saturday midnight. A litre of petrol in Delhi will cost Rs 60.49 from Sunday as against Rs 57.31 currently while diesel will… Read More

Direct tax amendments in Budget 2015-16

The Finance Bill, 2015 proposes to make amendments in direct tax provisions by proposing amendments to the Income-tax Act, 1961, Wealth-tax Act, 1957, Finance Act, 1994 and Finance (No.2) Act, 2004. A summary of the main amendments is given below:- Direct Taxes 2. Rates of tax 2.1 It is proposed that there will be no change in the rate of personal income-tax… Read More

PM’s Jan-Dhan Yojana trapped under service Tax hurdle

Financial inclusion initiatives in the country, including Jan-Dhan Yojana, Prime Minister Narendra Modi's pet project for the financial sector, is facing an unexpected hurdle in the form of high service tax because of an anomaly in tax rules. As a result, banks and banking correspondents (BCs), a major link between people and banks in the… Read More

Women in Ledership (WILL) forum to have 200 Board Ready Women

The Forum for Women in Leadership plans to produce 200 board ready women by the end of 2015. WILL Women on Corporate Boards have started the Board of Directors programme for the women professionals with the aim of making the women capable to act on the corporate boards. The Forum is also coming up with… Read More

FM Arun Jaitley delivers on growth agenda

Whilst the finance minister may have had a 'full inbox' suggesting the key reforms to be undertaken in the upcoming Union Budgetfrom various stakeholders, it will be interesting to see which of the key economic and political developments that have taken place recently will be calibrated in the upcoming Budget. Falling crude oil prices and their… Read More