Other Briefings
India’s LLP Amnesty Scheme 2023: September 1 to November 30
India’s Ministry of Corporate Affairs has recently launched the LLP Amnesty Scheme 2023, granting LLPs respite from late filings (Forms 3, 4, 11) till November 30, with streamlined processes and waived penalties, showcasing support for businesses.
Foreign Investment Climate in Gujarat
The foreign investment climate in Gujarat benefits from its strategic location on India’s west coast and enabling policies and infrastructure.
India’s Q1 FY24 GDP Growth Reaches 7.8%, Outpaces Major Economies
India’s Q1 FY24 GDP growth surged to 7.8%, surpassing major economies like the U.S., UK, and China. Moody’s now predicts 6.7% growth in 2023.
Preparing for Audit in India – New Issue of India Briefing Magazine Out Now
In Preparing for Audit in India, we discuss the types of audit, reporting thresholds by entity type, and new technology applications. We also provide practical advice related to the GST audit process and explain compliance related to the audit trail function.
Understanding the Role of Independent Directors in Indian Companies
Independent directors, per India regulations, play a pivotal role in balancing corporate interests and maintaining ethical oversight. Qualifications are stringent, there are limits on directorships, and appointments involve board approval.
Competition Law: India Introduces Draft Regulations for Commitment and Settlement Proceedings
On August 23, 2023, the Competition Commission of India (CCI) released draft rules for Commitments and Settlements under the Competition (Amendment) Act, 2023. These frameworks allow implicated companies to settle with the CCI in cases of abuse of dominance and anti-competitive agreements.
Chandrayaan-3: India’s Moon Landing Spotlights Space Sector Advancements
India’s successful soft moon landing on August 23 via the Chandrayaan-3 mission showcases its impressive space technology capabilities. The country’s space sector is currently witnessing a surge in private sector involvement, particularly by space-tech start-ups. FDI and tax regulations are also welcoming.
India Market Entry Strategy for International Retailers
International retailers and brands must carefully navigate the market entry requirements in India, such as FDI restrictions and the terms and conditions associated with e-commerce selling, licensing agreements, and franchises.
