Other Briefings
Companies in India Can Hold Virtual AGMs and EGMs till September 30, 2024
Companies in India can hold their AGM/EGM meetings for 2023-2024 virtually until September 30, 2024, following a clarification from the MCA.
India’s Auto Component Manufacturing Success and its Vision for EV Adoption
In recent years, India’s auto component manufacturing industry has seen a surge in Indian OEM suppliers, strengthening its position in the global automotive supply chain.
India Will Not Impose Curbs on Imports of Laptops, PCs, Servers from Nov. 1
India has reportedly decided not to impose import restrictions on laptops, tablets, PCs, and servers from November 1, 2023. Per government officials quoted by media, an import management system is being put in place.
JPMorgan Includes India in Emerging Market Debt Index, Paves Way for Billions in Investments
JPMorgan’s inclusion of Indian securities in the GBI-EM index is anticipated to bring in investment flows of US$25-30 billion. The phased inclusion begins June 2024.
Bengaluru, India: Foreign Investment Brief
In this investment brief of Bengaluru, the capital of Karnataka in South India, we discuss key industry opportunities, the city’s living environment, and prevailing infrastructure.
Procedure for Registration with India’s Special Value Branch
Importers must register with India’s Special Value Branch (SVB) if they are affiliated with their suppliers, as per Customs Department requirements. We discuss how customs authorities assess related party transactions and the registration process with the SVB.
India Approves Viability Gap Funding Scheme for Battery Energy Storage Systems
India’s union cabinet has approved the Scheme for Viability Gap Funding for the battery energy storage systems (BESS) industry. The scheme envisages the development of 4,000 MWh of BESS projects by 2030-31, which will lower costs for the renewables sector.
India’s Digital Personal Data Protection Act, 2023: Data Privacy Compliance
India’s Digital Personal Data Protection (DPDP) Act 2023 will impact internet companies, mobile apps, and businesses handling citizens’ data. Enterprises will need to assess the fine print of the legislation to address their risk exposure and compliance requirements.
