Revised Secretarial Standard – SS-2 applicable w.e.f. 01.10.2017

The key amendments in SS-2 are listed below for your quick reference. Major Amendments to SS-2 The scope has been amended to exempt Section 8 companies in addition to OPCs, from the applicability of the Standard. The definition of Secretarial Auditor now also includes a firm of Company Secretary(ies) in Practice. The proof of sending Read more about Revised Secretarial Standard – SS-2 applicable w.e.f. 01.10.2017[…]

Revised Secretarial Standard – SS-1 applicable w.e.f. 01.10.2017

The revised Secretarial Standards are applicable from today. The key amendments in SS-1 are listed below for your quick reference. Major Amendments to SS-1 1. Scope has been amended to exempt Section 8 companies as well along with OPCs, from the applicability of the Standard. 2. The definition of Secretarial Auditor now also includes a Read more about Revised Secretarial Standard – SS-1 applicable w.e.f. 01.10.2017[…]

Setting Up of Branch/Liaison/Project Offices In India

Foreign Investment in India is governed by the FDI policy announced by   the government of India, FEMA, and regulations issued by RBI. The FDI policy lays down the broad framework providing for eligibility of doing business in India.  A foreign company planning to do business in India can represent  through a Liaison office/Representative office, a Read more about Setting Up of Branch/Liaison/Project Offices In India[…]

Decoding Term Sheet

A term sheet is a document in a bulleted list, laying down the terms and conditions of a contemplated business agreement. It is prepared by any of the proposing parties. The terms and conditions contained in this document are not binding to any of the parties. They are subject to modification through further negotiations before Read more about Decoding Term Sheet[…]

Foreign and Indian Entities can merge with prior approval from RBI

MCA on April 14, 2017 has notified Section 234 of Companies Act, 2013 and issued rules thereunder, thus paving way for merger and amalgamation of a foreign entity with an Indian entity and vice-versa. What is the new Rule 25A about? Mandatory Prior Approval from RBI for a foreign company incorporated outside India, to merge Read more about Foreign and Indian Entities can merge with prior approval from RBI[…]