Remitting Money from India – Choosing the Right Repatriation Strategy

By Dezan Shira & Associates Funds can be repatriated from one country to another in various ways. The obvious implications are that such transactions entail foreign exchange risks, and companies also need to account for regulatory and tax risks. Investors and companies should, therefore, note that choosing the right strategy to repatriate funds can reduce their […]

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India Regulatory Brief: New Rules for Shifting a Registered Office, Companies Act (Amendment) Bill, 2017

Companies (Incorporation) Amendment Rules, 2017 Announced The government announced new rules that will amend the Companies (lncorporation) Rules, 2014. These will come into effect once they are published in the official gazette.  Two changes have been made, by way of substituting Rule 28 and Rule 30 in the existing framework of the Companies (lncorporation) Rules. These regulate […]

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New RBI Guidelines on Issuance of Masala Bonds

By Vasundhara Rastogi In June, the Reserve Bank of India (RBI) notified significant policy changes regarding the issuance of ‘masala bonds’, bringing them in alignment with the other elements of the External Commercial Borrowings (ECBs) framework. Masala bonds are a popular debt-financing instrument used by Indian entities to raise funds in the overseas market.  RELATED: Business […]

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New Relaxations Announced for Startups under Companies Act

By Dezan Shira & Associates Startups in India will now benefit from more relaxations under the Companies Act, 2013 – a move that will reduce compliance requirements and allow for operational flexibility. These are in addition to exemptions announced in June 2015.  RELATED: Business Strategy & Operation Advisory In its notification dated June 13, 2017, […]

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India Regulatory Brief: Clarifications under the Bankruptcy Code, Business Class Travelers to Show GSTIN

NCLAT issues clarifications under Insolvency and Bankruptcy Code, 2016 The National Company Law Appellate Tribunal (NCLAT) recently clarified what constitutes the ‘’existence of a dispute” under the Insolvency & Bankruptcy Code, 2016. As per the Apellate Tribunal, the term ‘dispute’ includes proceedings initiated or pending before consumer courts, tribunals, labor courts, or subject to mediation […]

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FIPB is Abolished – What Does it Mean for Foreign Investors?

By Bradley Dunseith On May 24, India’s Union Cabinet effectively eliminated the foreign investment promotion board (FIPB) – established 25 years ago as a single-window clearance for all foreign direct investment (FDI).  India’s regulatory landscape has undergone some major overhauls since the FIPB was first created: between 91 and 95 percent of FDI now comes through […]

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