Other Briefings
Greater Scrutiny for Foreign-Owned Liaison Offices in India
On February 6, India’s Central Board for Direct Taxes (CBDT) introduced a new regulation governing foreign-operated liaison offices in India.
RBI Eases Payment System for Exporters
Feb. 22 – The RBI has permitted banks to allow exporters to accept advance payment for shipment of goods which would take more than one year to manufacture, a stride which will decrease transaction time. The RBI stated that to liberalize the process, AD Category-I banks would be able to allow exporters to receive advance […]
Income Tax Returns in India
Walkthrough of the E-filing process when you do not use a digital signature
India’s Supreme Court Sets Corruption Bill Deadline
Feb. 6 – India’s Supreme Court has put pressure on the government to commit to making a decision within four months on whether a public official can be prosecuted for corruption. If a consensus has not been reached by then, prosecution will be considered sanctioned by India’s highest court, the BBC reported. The announcement comes […]
Foreign Direct Investment in India’s Single and Multi-Brand Retail
As India has liberalized its single brand retail industry to permit 100 percent foreign investment, we take a look at the regulatory issues and legal structures pertinent to establishing operations in this new dynamic market.
Vodafone Wins Landmark US$2.5 Billion India Tax Case
India’s Supreme Court has ruled that the British telecom giant Vodafone does not have to pay taxes and penalties for the transaction in 2007 that saw the company acquire a 67 percent stake in Indian mobile phone operator Hutchison Essar.
India Further Liberalizes FDI Policy, Drops Mandatory Lock-In Period
The Indian government is loosening its FDI regulations and is now allowing foreign investors the opportunity to repatriate their original investment before the expiration of a three-year lock-in period from the day it completes its minimum capitalization norm for the sector.
Wholly Owned Subsidiaries in India
Jan. 13 – Foreign companies can set up wholly owned subsidiaries in sectors where 100 percent foreign direct investment is permitted under India’s national FDI policy. For registration and incorporation, a set of applications have to be filed with Registrar of Companies (ROC). Once a company has been duly registered and incorporated as an Indian […]
