Newsletters & Updates

» Union Budget 2017 - 2018

Budget Highlights

» Newsletter Jan-Mar 2017

The Horizon

» The Insolvency and Bankruptcy Code, 2016

The Parliament has recently passed the crucial The Insolvency and Bankruptcy Code, 2016 (IBC). The same is now an 'Act' post the Presidential ascent on 28th May 2016. However, it will be implemented only after it is notified by the Central Government. This enactment paves the way for the complete overhaul of the Insolvency and Bankruptcy mechanism in India, which at present is governed primarily through the provisions of SICA and the Companies Act. The other enactments like RDDB Act (DRT Act) and the SARFAESI will continue to remain in force.

» The Insolvency and Bankruptcy Code, 2015

The Insolvency and Bankruptcy Code, 2015 was introduced by the Minister of Finance, Mr Arun Jaitley, in Lok Sabha on December 21, 2015. The Code seeks to create a unified framework for resolving insolvency and bankruptcy in India. The Code seeks to repeal the Presidency Towns Insolvency Act, 1909 and Provincial Insolvency Act, 1920. In addition, it seeks to amend 11 laws, including the Companies Act, 2013, Recovery of Debts Due to Banks and Financial Institutions Act, 1993 and Sick Industrial Companies (Special Provisions) Repeal Act, 2003, among others.

» Payment of Bonus Act & Amendment, 2015

After independence of India large number of steps were taken by the Government of India to make it a Welfare State. Enactment of Payment of Bonus Act, 1965 (the Act) is a step towards welfare legislation for betterment of labour class which was considered to be an oppressed class. The Act is also looked at as giving recognition to the employees and honoring them for having contributed to the profit and growth of the Company.

» India Entry Strategy Newsletter April 2014

India Entry Strategy

» Defence Newsletter March 2014


» 100% Foreign Direct Investment in Telecommunications with increase in Foreign Investment
The Government of India has decided to further liberalise and increase foreign investment cap in some of the sectors including Telecommunications.
In terms of the extant regulations foreign direct investment in telecommunication services (namely basic and cellular, national and international long distance, internet services among others) is capped at 74% (with foreign investment up to 49% under automatic route and beyond 49% under approval process).
However, the Government of India has approved increase in foreign investment capo in telecommunication services to 100% (with foreign investment up to 49% under automatic route and beyond 49% under approval process). It is pertinent to note that foreign investment in some telecommunication services/ activities, such as Infrastructure provider providing dark fibre, right of way, duct space, tower (Category - I), is already capped at 100%. It is clarified that foreign investment beyond
49%, in telecommunication services, shall require prior approval of Foreign Investment Promotion Board.