Other Briefings
India to Set Up Tribunals for Economic Disputes
Jun. 11 – India is considering establishing dispute resolutions panels and courts that will specifically address economic disputes. This could that could lead to revisions in Indian law. Initially, the proposal was presented by the Prime Minister’s Council on Trade and Industry. “Legislations dealing with sectors such as pension funds, insurance, banking, company affairs and […]
India to Add Eight Overseas Tax Units to Fight Tax Evasion
Jun. 10 – India wants to open overseas tax units in Britain, Cyprus, France, Germany, Japan, Netherlands, United Arab Emirates, and the United States to fight tax evasion. The international trade of goods is making tax computation more complicated for both businesses and government. India is implementing measures that will provide transparency when it comes […]
Indian Government Amends Taxes Deducted at Source Rules
Jun. 9 – India’s Central Board of Direct Taxes (CBDT) recently updated regulations relating to the mode of payment, certificate issuance, and provision date for taxes deducted at source (TDS) in Notification No. 41/2010; SO No. 1261(E) dated May 31. The amended rules are backdated so as to begin April 1, 2010. Under the updated […]
SEBI Slows Licensing of Foreign Investment Vehicles from Mauritius
Jun. 8 – The Securities and Exchange Board of India (SEBI) will slow the issuing of licenses for foreign investment vehicles based out of the South Indian Ocean tax haven of Mauritius. Speculation is high that the Indian government is using subtle pressure tactics to try and rework a bilateral tax treaty signed 28 years […]
India Sets 25 Percent Min. Public Shareholding for Listed Companies
Jun. 7 – India’s finance ministry released revised guidelines for listed companies on Friday, stating that the companies will have to maintain minimum public shareholdings of 25 percent, up from the previous 10 percent. The government further stated that listed companies have to reach this level by increasing the public’s share in the company by […]
Registering Trademarks in India
By Vikas Srivastava Jun 2. – Emerging economies like India and China are the new investment hub for developed countries. On the one hand the emerging economies provide cheap labor, low cost resources and educated professional, but on the other hand businesses are exposed to certain unseen losses like infringement of intellectual property. Many times, […]
India Creates Easy Exit Scheme for Inoperative Companies
Jun. 1 – India’s Ministry of Corporate Affairs (MCA) issued General Circular No. 2/2010 on May 26 which featured the establishment of the Easy Exit Scheme (EES), a process that will assist the Registrar of Companies (RoC) to remove inoperative companies from the Register. With the addition of the EES, the RoC now has to: […]
DLF Wants Special Economic Zone in Kolkata
May 28 – India’s largest real estate developer, Delhi Land and Finance (DLF), has reportedly reentered discussions with India’s commerce ministry regarding the possibility of restarting its plan for a special economic zone in Kolkata. DLF scrapped four SEZ projects last June, including the one in Kolkata, when it was determined that there wasn’t sufficient […]
