Tag Archives: 2013

Now Introducing – One Person Company in India

By Anupam Prasad, Partner Majority of the provisions and the related rules under the Companies Act, 2013 have now become effective and are operational. In addition to the various forms of companies that already existed under the Companies Act, 1956 … Continue reading

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IRDA allows banks to act as insurance brokers

By Rohit Padhi, Associate The Insurance Regulatory Development Authority (“IRDA”) vide its notification IRDA/Reg/21/79/2013 dated August 8, 2013 has allowed banks to act as insurance brokers and sell products of more than one insurer so as to increase the penetration … Continue reading

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Competition Commission of India Relaxes Norms for Group Companies

By Nazish Alam, Partner The Competition Commission of India (the “Commission”) has, on April 4, 2013, eased the rules for internal reorganisation and restructuring of companies by way of mergers or amalgamation, often taking place within a group and for … Continue reading

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Sensitization of Authorized Dealers – Directions by the Reserve Bank of India

By Nitesh Tiwari, Associate  The Reserve Bank of India (“RBI”) has been empowered to compound offences defined in Section 13 of the Foreign Exchange Management Act, 1999 (“FEMA”). Compounding of offences under the FEMA refers to the process of voluntarily … Continue reading

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External Commercial Borrowings Policy – Inclusion of Hotel Sector

By Nitesh Tiwari, Associate The Reserve Bank of India (“RBI”) through its circular dated January 21, 2013 being circular number RBI/2012-13/387
A.P. (DIR Series) Circular No.78 (the “Circular”) has allowed companies in hotel sector to avail External Commercial Borrowings (“ECBs”) for … Continue reading

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Investment Advisers in SEBI Net: Securities and Exchange Board of India (Investment Advisers) Regulations, 2013 notified in Official Gazette

By Ushasi Das, Associate The Securities and Exchange Board of India (Investment Advisers) Regulations, 2013 (the “Investment Advisers Regulations”) has been notified in the Official Gazette on January 21, 2013.  Effective Date The Investment Advisers Regulations shall be effective from … Continue reading

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