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October 2023 M T W T F S S « Sep 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
Category Archives: Regulatory
Rule 11UA: New Methods for Valuing CCPS and Unquoted Shares
The Finance Act, 2023 amended section 56(2)(viib) of the Income Tax Act, 1961 (‘the Act’) to bring into account the consideration received from non-residents for issuance of shares. Now, the CBDT has notified Income-tax (Twenty-First Amendment) Rules, 2023, amending Rule … Continue reading
Posted in Regulatory
Framework for Voluntary Delisting of Debt Securities
The Securities and Exchange Board of India (“SEBI”) have included framework for voluntary delisting of non-convertible redeemable preference shares and non-convertible redeemable preference shares (collective “NC Securities”) from Stock Exchange (“SE”) by inserting Chapter VIA to the Securities and Exchange … Continue reading
Posted in Regulatory
India Entry Strategy
Entry Option Investment routes Funding Option Repatriation of Funds India Entry Options Project Office: PO represents interests of the foreign company executing a project in India. Permitted activities These offices can only undertake an activity related and incidental to execution of … Continue reading
Posted in Regulatory
Significant Changes-SEBI LODR
The Stock Exchange Board of India, vide SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2023 dated 14th June, 2023, and its follow-on Circulars dated 12th July, 2023, and 13th July, 2023, has introduced significant developments on disclosures by … Continue reading
Posted in Regulatory
Government Extends Implementation date for Revised TCS Rates and inclusion of Credit Card Payments in LRS
Certain changes were announced to the system of TCS on payments under the LRS and on overseas tour program packages. These were to take effect from 1 July 2023. The government had also notified Foreign Exchange Management (Current Account Transactions) … Continue reading
Posted in Regulatory