Reserve Bank of India (RBI) vide A.P. (DIR Series) Circular No. 73 dated 29th June, 2011 Liberalized Overseas Direct Investment provisions relating to transfer by way of sale of shares of a joint venture or wholly owned subsidiary (JV or WOS) outside India with and without write off upon fulfillment of certain conditions.
RBI vide A. P. (DIR Series) Circular No. 74 dated 30th June, 2011 specified the issue equity, preference shares under the government route of the foreign direct investment scheme for specified categories and payments shall be made directly by the foreign investor to the company. Payments made through third parties citing the …
The changes in economic scenario after liberalization and the economic growth have raised the interest of Indian as well as Foreign Institutional Investors(FII’s) in the Indian capital market. Though the Government has been liberalizing the Indian economy but the inflation bug seems to have hit the Indian currency too. The finance ministry has decided that with effect from …
I. ICT Policy 2010-2015 GO II. IIPP 2010-2015 GO III. Registration Act, 1908 (As applicable in the State of Andhra Pradesh) Andhra Pradesh Rules under the Registration Act, 1908 Registration Fees Table Amendments: Registration GO 01-08-2008 Registration GO 18-08-2009 Registration GO 18-05-2010 IV. Indian Stamp Act, 1899 (As applicable in the State of Andhra Pradesh) …
S. No. Activities Clause/ Regulation No. Agreement/ Regulation etc. Compliance Due Date 1. Compliance Certificate on Corporate Governance Clause 49 Listing Agreement 15th April 2. Shareholding Pattern Clause 35 Listing Agreement 21st April 3. Intimation for holding of Board Meeting for considering the un-audited financial results for the quarter Clause 41 Listing Agreement 9 (Nine) days in advance of …
For Listed Companies for the quarter ended on 31st March, 2011 Read More »
[vc_row][vc_column][vc_column_text]Background of LLP in India – In the Indian context, businesses are typically structured or organized as sole proprietor concerns, partnership firms or companies (either public or private limited). These types of business organizations have their individual advantages and disadvantages. For example, a partnership firm provides flexibility in internal organization, right to participate in the …
In this article an endeavor is made to discuss the basic provisions of Foreign Contribution Regulation Act, 2010 with particular focus on the changes brought about vis-à-vis Foreign Contribution Regulation Act, 1976. The basic purpose of Foreign Contribution Regulation Act, 2010 (FCRA, 2010) is to consolidate the law to regulate the acceptance and utilisation of …
S. No. Compliance Form to be filed Relevant Law Due date 1. Payment of Service tax TR-6 Service Tax Rules, 1994 5th June 2. Excise Duty payment GAR 7 Central Excise Rules, 2002, 5th June 3. Profession Tax Monthly Return Form V Andhra Pradesh Tax on Professions, Trades, Callings and Employments Act, 1987. 15th June …
Compliances for the period 25th May to 25th June Read More »
The RBI vide a recent circular, dated May 27, 2011 has made certain changes to the prevailing ODI Regulations. The objective is to provide operational flexibility to Indian Corporates having investment abroad. Some of the changes brought about are with respect to: Performance Guarantees issued by the Indian Party. Restructuring of the balance sheet of …
Overseas Direct Investment, Liberalization/Rationalization Read More »
[vc_row][vc_column][vc_column_text]FDI in LLP – After 2 years of notification of the Limited Liability Partnership Act 2008, and after 5 months of issuing a discussion paper on allowing Foreign Direct Investment (FDI ) in the Limited Liability Partnership (LLP) , the Government of India on 11th May, 2011 has approved the much awaited policy on FDI …
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