Other Briefings
RBI Relaxes Loan Repayment Deadline for MSMEs, Opens up Lending Limits
The RBI has extended the loan repayment window for MSMEs registered under GST for dues from September 2017 to January 2018 in an effort to relieve liquidity stress and reduce NPAs in the banking system.
India to Make Demat Shares Mandatory, Introduce New Disclosure Rules for Companies
New compliance requirements aim to strengthen corporate governance and improve financial transparency in India, requiring conversion of shares into demat form and maintenance of a record of beneficial ownership among company shareholders.
Corporate Social Responsibility in India: Examining the Scope for SMEs
Corporate social responsibility directs companies in India making a net profit of more than US$750,000 in a single financial year to spend on social causes in India. We discuss the implications for SMEs.
How to Set Up a Private Limited Company in India
Foreign firms interested in establishing a wholly owned subsidiary in India can set up a private limited company to access regulatory and tax benefits.
India Announces Industrial Incentive Schemes in Three States, MSME Sector to Benefit
India’s federal government recently notified industrial development schemes for new and existing industrial units in Jammu and Kashmir, Himachal Pradesh, and Uttarakhand, aiming to boost the MSME sector.
Maharashtra Shops and Establishments Rules, 2018 Explained
The Maharashtra Shops and Establishments Rules, 2018 are applicable to all commercial establishments in the state, (not covered under the Factories Act), which employ 10 or more workers.
Consumer Protection in India: LM Rules Now Apply to E-commerce, Notified Medical Devices
Consumer protection in India under the amended Legal Metrology Rules 2017 is now applicable to packaged commodities sold on online platforms and will regulate Notified Medical Devices as well.
India’s New Accounting Standard ‘Ind AS 115’ Effective April 1, 2018
India’s new accounting standard, Ind AS 115, is in effect from April 1, 2018, and is aligned with the International Financial Report Standards (IFRS).
