Other Briefings
Maternity Benefits in India
Dec. 20 – One of the primary objectives of India’s Maternity Benefit Act (1961) is to maintain the health of a pregnant female employee and her child. The act applies to every factory, mine or plantation (including those belonging to government), and to every shop or establishment wherein 10 or more people are employed. To […]
India Set to Release GAAR Final Draft
The Indian government is likely to announce the final draft of the General Anti-Avoidance Rules (GAAR) within the next 10 days, according to the country’s Finance Minister P. Chidambaram.
New Issue of India Briefing: Establishing a Business in India
In this issue of India Briefing, we discuss establishment structures, including liaison offices, project offices, branch offices, and wholly owned subsidiaries. We overview each structure in terms of the situations in which it is appropriate, its permissible activities and limitations, as well as its setup and winding up processes, complete with flow charts.
How Do I Hire Staff in India?
Obtaining visas for foreigners and drawing up employment contracts under Indian labor laws Nov. 14 – Whether your business uses foreign or domestic staff/workers when operating in India, there are a number of legal requirements to pay attention to, from visas for high-skilled workers to drawing up contracts for laborers. In this article, we look […]
Annual Audit and Compliance for Foreign-Invested Entities in India
Annual audit and compliance procedures are relatively simple for foreign representation entities compared to Indian setup entities. We outline all of these procedures in this article.
Board and General Meetings for Indian Companies
By Gunjan Sinha Oct. 10 – Limited Liability Companies (LLCs) duly incorporated in India with the Company Registrar are governed by provisions of The Companies Act, 1956. The corporate scenario in India is more or less stringent when it comes to the governance of companies. Company management must comprise of a minimum two directors for […]
Reforms in India: Government Allows FDI in Aviation
Sept. 19 – The government of India has recently decided to permit foreign airlines to buy stakes of up to 49 percent in local carriers. This has been a highly anticipated policy move that provides for potential support to India’s debt-laden airlines by opening up a fresh source of funding. Experts from the aviation sector […]
Time Extended for Reporting of Annual Accounts with Company Registrar in India
Sept. 11 – Reporting of the annual accounts and balance sheet for the financial year ending March 2012 can now be made in Schedule VI format, bringing Indian companies on par with global reporting standards. The reporting in extensible business reporting language (XBRL) is a mandate for companies having a paid up capital base of […]
