Other Briefings
FCRA Compliance in India: How 24,000 NGOs Lost Their License
In September this year, the Indian government cancelled licenses for 4,800 NGOs in India. Here we discuss the fall out of the stringent implementation of reporting and auditing rules for NGOs that receive foreign funding by the Modi administration.
India’s Bankruptcy Law Reinforced by Supreme Court Judgment
India’s Supreme Court recently delivered its first detailed judgment pertaining to the interpretation of the Insolvency and Bankruptcy Code, 2016 (Code). This article discusses the key takeaway – the Code will supersede all other insolvency related laws in existence in India.
Joint Ventures in India: Learning from McDonald’s Experience
A soured joint venture between McDonald’s and Connaught Plaza Restaurants is threatening to undermine the fast food giant’s success in India. In this article, we explain McDonald’s’ joint venture problems, and highlight takeaway lessons for foreign companies looking for Indian partners.
India’s FDI Policy for 2017: Startups and Single Brand Retail among Beneficiaries
India released its foreign investment policy for 2017 this week, which incorporates changes instituted in 2016, and provides sector-based regulatory clarifications. This article highlights key updates to the policy.
Remitting Money from India – Choosing the Right Repatriation Strategy
Funds can be repatriated from India to other countries in various ways, but can entail foreign exchange risks, tax, and regulatory risks. This article discusses the various strategies a company may utilize when repatriating funds from India, including the associated legal and tax concerns.
Companies Act (Amendment) Bill, 2017 Approved by Lower House of Parliament
The lower house of India’s parliament has passed the Companies Act (Amendment) Bill, 2017. In this article, we highlight some of the important amendments proposed to the Companies Act of 2013 as the 2017 Amendment Bill heads to the upper house for approval.
India Regulatory Brief: New Rules for Shifting a Registered Office, Companies Act (Amendment) Bill, 2017
In this week’s Regulatory Brief, we highlight the Companies (Incorporation) Amendment Rules, 2017, the Companies Act (Amendment) Bill, 2017 passed by the lower house of parliament, and the minimum wage code bill that will now be debated in parliament after approval by the Prime Minister’s cabinet.
New RBI Guidelines on Issuance of Masala Bonds
In a bid to strengthen India’s regulations governing external commercial borrowings, the Reserve Bank of India (RBI) recently came up with new guidelines on the issuance of ‘masala bonds’. In this article, we discuss what are masala bonds and the new requirements for its issuance.
