Other Briefings
India Regulatory Brief: New Income Tax Rules to Track Cash Post Demonetization and India, Qatar Sign Cooperative Pacts
In this week’s Regulatory Brief, we track the amendments to the income tax rules requiring reporting of cash deposits from November 9 to December 30, the government’s announcement of no tax on gold purchased out of legal income, and the cooperative pacts signed between India and Qatar.
SPICe – Company Incorporation in India
The Ministry of Corporate Affairs (MCA) recently announced new rules that will simplify and speed up the process for incorporating companies in India, branded as SPICe or Simplified Proforma for Incorporating Company Electronically. This article examines the new forms and their requirements.
India Regulatory Brief: High-Value Rupee Demonetization Updates and Government Slashes Prices of Life-Saving Drugs
In this week’s Regulatory Brief, we look at the latest steps taken by the Indian government to manage the implementation of the 500 and 1000 Rupee demonetization, the move by the DIPP to establish an ease of doing business tracking system in all government departments, and reductions in the prices of life-saving drugs in India.
Indian Government Bans 500, 1000 Currency Denominations to Curb Black Money
India’s government introduced a ban on 500 and 1000 rupee currency denominations overnight in a bid to curb black money and fight tax evaders. Read on to learn more about the latest development which is expected to have a significant impact on the economy.
India Regulatory Brief: Multi-tier GST Structure Finalized and Gujarat Only State to Operationalize the Real Estate Act
In this week’s Regulatory Brief, we highlight the multi-tiered Goods and Services Tax (GST) structure proposed for goods segments, the Model Rules to the Real Estate Act of 2016 that only Gujarat has so far ratified despite passing the October 31 deadline, and an expected policy regulating e-pharmacies in India.
Role of India’s National Company Law Tribunal
India’s government has introduced a single judicial forum called the National Company Law Tribunal and the National Company Law Appellate Tribunal with the intention of providing speedier resolutions to company disputes. This article examines their framework and functionality so far.
India Regulatory Brief: India’s Central Bank to Toughen Cyber Security Compliance and FSSAI Steps Up Food Safety Inspections
In this week’s Regulatory Brief, we highlight the Reserve Bank of India’s call for toughening up of cyber security measures by banks and lenders in the country, the change in the FDI rules for the financial services sector, and the increase in surprise inspections by the food safety regulator FSSAI.
India Regulatory Brief: Easier Process for Company Incorporation in India and Anti-Dumping Duty Extended on Specific Products
In this week’s Regulatory Brief, we highlight the introduction of the Simplified Proforma for Incorporating Company Electronically (SPICe), the extension of an anti-dumping duty on ‘narrow woven fabrics hook’ and ‘loop velcro tapes’, and a new multi-transhipment law in the works.
