Sebi, RBI working for smooth e-IPO rollout
MUMBAI: Market regulator Sebi is working with the Reserve Bank of India (RBI) for a smooth rollout of the proposed e-IPO process. This will reduce paperwork in public offerings to nearly zero, halve the timeline for listing of a company to just six days and also reduce costs of listing substantially. Several banks are currently working to roll out the ASBA (Applications… Read More
Cabinet to discuss IPR draft policy soon after inter-ministerial consultation
NEW DELHI: The much-awaited National Intellectual Property Rights (IPR) policy will be moved to the Cabinet soon after incorporating inputs from various departments, commerce. The IPR think tank headed by Justice Prabha Sridevan, set up by the government last year, formulated a draft patents policy earlier this year. The think tank was set up to… Read More
PM Narendra Modi urges need to modify Labour Legislations via consensus
Seeking to pacify trade unions, which is critical to the proposed sweeping labour reforms, Prime Minister Narendra Modi on Monday said the reforms would be attempted only with the consensus among all stakeholders. The draft labour code on industrial relations readied by the Modi government, among other things, suggests allowing more establishments to lay off workers without… Read More
PF claim settlement period brought down to 20 days
Over the past few years, the EPFO has been working to improve its claim settlement period trying to bring it within the mandated one month period. Provident fund claims are set to get resolved faster with the government now reducing the statutory claim period to 20 days from the earlier time period of 30 days.… Read More
Masterclass on Companies Act, 2013 and the Recent Amendments on 24th July, 2015 at Mumbai
CorpKonnect Presents Companies Act 2013 and Recent Amendments Masterclass 24th July 2015 - Mumbai at Hotel Hilton (Mumbai Int. Airport) INTRODUCTION The New Companies Act 2013 which was enacted in August 2013 is considered to be a milestone in the arena corporate reforms in India as it laid down a new regime of business… Read More
Foreign inflows keeps adding up, touch $1 bn mark in July
Overseas investors have poured in a net amount of about USD one billion (Rs 6,500 crore) in the Indian capital markets so far this month, helped by positive global cues and easing of foreign investment norms. This follows a massive outflow of foreign investors™ funds in the previous two months from Indian equity and debt… Read More
New Rules for Income Tax filing provides ease to the stakeholders
New forms, additional information, completely paperless filing. The Finance Ministry has introduced several changes in the way taxpayers will file their returns this year. As a taxpayer you need to be aware of these changes lest you file an incorrect return that gets rejected or results in a scrutiny notice. This week's cover story looks… Read More
Sebi allows listing of cooperative societies
The Securities and Exchange Board of India (Sebi) was gathering legal opinion on the listing of cooperatives. Any group of individuals can form a cooperative society to act jointly for common benefit. Shares of cooperative societies in India are not offered to the public. Listing of cooperatives is in practice in the UK, US and… Read More
Cabinet reviews and improves the foreign norms to boost Foreign Investment in India
The Cabinet has given its approval to review the existing FDI policy on various sectors provided in the Consolidated FDI Policy Circular 2014, as amended by the Consolidated FDI Policy Circular 2015, by introducing composite caps for simplification of Foreign Direct Investment (FDI) policy to attract foreign investments. Following amendments to the relevant paragraphs of… Read More
Need to liberalise e-Commerce: Tax Evasion and Business Model major concerns
Even as the pressure mounts on the Centre from various countries to liberalise the e-commerce segment in the country, states on Wednesday flagged several concerns including tax evasion by e-tailers, lack of clarity on the business models of online retailers and jurisdictional issues in a meeting with commerce and industry minister Nirmala Sitharaman. The meeting, which… Read More
PM Modi to make India as the world’s Human Resource Capital
Prime Minister Narendra Modi on Wednesday said if China has the identity of being the global manufacturing factory, then India can become the world's required human resources capital. Prime Minister Narendra Modi on Wednesday said if China has the identity of being the global manufacturing factory, then India can become the world™s required human resources capital. Prime… Read More
Cabinet to come out with Composite Foreign Investment Caps
The Government of India is concerned streamline the foreign investment regime, the Union Cabinet is expected to come out with a concensus decision tomorrow on introducing a composite cap which will include FDI, FII and other instruments in various sectors. The Cabinet will discuss the "proposal for introduction of composite caps for simplification of FDI… Read More
Government in the phase of drafting GST Model Legislation
Model legislations to implement the Goods and Services Tax are being prepared and will be put up for comments from stakeholders after Parliament approves the GST Constitution Amendment Bill. The three legislations -- Central GST (CGST), State GST (SGST) and integrated GST (iGST) -- will have to be approved by the respective legislatures for nationwide… Read More
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