Legal & Regulatory

Joint Ventures in India: Learning from McDonald’s Experience

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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

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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

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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

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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

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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

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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.

India Regulatory Brief: Tax Filing for NRIs, No Environmental Clearance for Solid Waste Management Projects

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In this week’s Regulatory Brief, we look at the latest GST update as businesses will be able to upload their invoices online from July 24, new reporting requirements for NRIs filing their tax returns, and exemption for most solid waste management projects from getting environment clearances.

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

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In this week’s Regulatory Brief, we briefly cover the clarifications issued by the National Company Law Appellate Tribunal (NCLAT) on what constitutes a ‘dispute’ under the the Insolvency & Bankruptcy Code, 2016; the new compliance required of business class air travelers under the GST regime, and the impact of the GST on inter-state logistics.

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