New annual KYC check requirement for individuals holding director identification number
In 2006, the Indian government introduced the concept of a director identification number (“DIN”), and consequently, an individual could be...
Impact of the new reporting requirements under India’s foreign investment regime and company law
Consolidated reporting form for foreign investment transactions On June 7, 2018, the Reserve Bank of India (the “RBI”) released a circular (the...
New legislation applicable to shops and establishments in Maharashtra
In India, each State has its own Shops and Establishments law which regulates the working conditions of employees engaged in shops and commercial...
A year on, Reserve Bank of India notifies regulations on cross-border mergers
The Companies Act, 1956 permitted inbound mergers, i.e., merger of a foreign company into an Indian company. Even then, there were no foreign...
Fixed term employment permitted under India’s industrial employment standing orders act, 1946
Introduction On March 16, 2018, the Ministry of Labour and Employment notified the Industrial Employment (Standing Orders) Central (Amendment)...
India’s Budget 2018-19: key highlights
Introduction India’s Union Budget (the “Budget”) was announced on February 1, 2018, and the Finance Bill, 2018 (the “Finance Bill”) was tabled in...