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[…]

Term Sheet

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[…]

amendments

Amendment to Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2017

MCA has notified the amendments to the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2017 which shall come into force from the date of notification. In the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, (hereinafter referred to as the principal rules) after Rule 25, Rule 25A shall be inserted which provide for Merger or Amalgamation of a Foreign Read more about Amendment to Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2017[…]

bombay hc

Bombay HC levies Fine for Deliberate and Wilful Breach of Interim Orders

The Bombay High Court has fined two contemnors Rs.5 lakh for deliberate and willful breach of its interim orders which restrained them from creating any tenancies with regard to a property that belongs to a trust. The high court has commuted the life sentence of a man who poured kerosene on his wife, burnt her Read more about Bombay HC levies Fine for Deliberate and Wilful Breach of Interim Orders[…]