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27 March 2018

In the backdrop of draft guidelines on Foreign Exchange Management (Cross Border Merger) Regulations, 2017 issued by Reserve Bank of India (“RBI”) on April 26, 2017, RBI vide notification No. FEMA 389/2018-RB dated March 20, 2018 has notified Foreign Exchange Management (“Cross Border Merger...

/en-gb/insights/alerts-updates/fema-update-foreign-exchange-management-(cross-border-merger)-regulations,-2018
10 January 2018

Section 115JB of the Income-tax Act, 1961 (the Act) provides for levy of Minimum Alternate Tax (MAT) on companies at 18.5% of book profits if tax under normal provisions is less than tax on book profits.

/en-gb/insights/alerts-updates/cbdt-relaxes-mat-provisions-for-companies-under-insolvency-proceedings
06 December 2017

“The Government of India released the “Foreign Trade Policy Statement 2017-Mid-term Review” document on 5 December 2017. Though it was intended to be a “taking stock” kind of a document, the Foreign Trade Policy (‘FTP’) Statement 2017 is a comprehensive overhaul of India’s FTP from the...

/en-gb/insights/alerts-updates/policy-alert-–-mid-term-review-document-of-india’s-foreign-trade-policy-(ftp)-2015-2020
26 October 2017

The Ministry of Corporate Affairs (‘MCA’) vide a circular dated 25 October 2017 has clarified that approval of shareholders/ members of the corporate debtor/ company is not required for any actions contained in the resolution plan which would normally require specific approval of shareholders...

/en-gb/insights/alerts-updates/regulatory-alert-deemed-approval-of-shareholders-members-for-a-resolution-plan-under-the-insolvenc
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