Direct listing of equity shares of unlisted Public Companies incorporated in India on International Exchanges

Posted on January 29, 2024

The Government of India has issued following notifications on 24th January, 2024 namely; Foreign Exchange Management (Non-Debt Instruments) Amendment Rules, 2024 Companies (Listing of Equity Shares in Permissible Jurisdictions) Rules, 2024. The aforementioned notifications enable unlisted public Indian companies as... Read More →

Posted in Regulatory |

Investment under Employee Benefit Scheme/ESOP/Sweat Equity Shares

Posted on January 9, 2024

The new regime for Overseas Investment (“Regulations on OI”) as issued by Reserve Bank of India on August 22, 2022 permits resident individuals being employee or a director of an office in India or branch of an overseas entity or... Read More →

Posted in Regulatory |

Utilizing Tax Treaty Advantages for Non-Residents

Posted on January 4, 2024

In the rapidly expanding world of global business, transactions across borders have become the norm. As services are sourced from abroad, payments to non-residents have become routine. Understanding the tax implications of these payments is crucial, and one key aspect... Read More →

Posted in Direct Tax |

Comprehending the Changing Dynamics of Share Valuation Concerning Angel Tax

Posted on December 18, 2023

Background and Introduction Finance Act, 2012 introduced a tax on closely held companies under Section 56(2)(viiib) of the Income Tax Act, 1961 (the Act) when it received consideration from resident investors on issue of shares at a value that exceeded... Read More →

Posted in Direct Tax |

MCA Notifies Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023

Posted on November 14, 2023

MCA issued LLP (Significant Beneficial Owners) Rules, 2023 (“SBO Rules”) on 9th November 2023, requiring LLPs to identify and report details of Significant Beneficial Owner (“SBO”) to MCA. NON-APPLICABILITY The SBO Rules shall not apply to: Contribution held by the... Read More →

Posted in Regulatory |