International taxation in India
With the increase in liberalization and globalization, the cross border transaction takes place among the different economies of the world. Integration between the countries is increasing because of the liberal trade practices which are common to all the countries. In such scenario, the earning person is not only restricted to its national boundary but there are certain prospects which paves the way for earning internationally also.
Foreign Investment in India
The FDI Policy is relevant to foreign entities seeking to establish an Indian presence either by setting up a wholly owned company in India or joint venture with an Indian Partner or acquiring a stake in an existing Indian Company.
Companies Act, 2013 – Most Awaited Statute
The new companies bill has been passed by both the Hon’ble Houses of Parliament and it has also received the Hon’ble President assent on 29th August, 2013 which will make it into a law replacing the nearly six-decade old regulations that govern corporates in the country. The new Companies Act, 2013 is a sweep change in the way companies operate and are regulated in the country.
A New Business Concept in India - One Person Company (OPC)
The Companies Act, 2013 opens a new segment for organizing a business in India by providing the concept of One Person Company (OPC) which is a legitimate way to incorporate a company with only one member. OPC is similar to the existing concept of Sole-proprietorship with separate legal entity distinct from its proprietors and promoters.
India: Entry Strategy
A foreign company can set up a wholly owned subsidiary company in India to carry out its activities. Such company shall be treated as an Indian resident despite having 100% foreign-shareholding. Minimum two members are required for a private limited company, and seven members for a public limited company. Such company must comply with the provisions of the FDI policy.
Retail – India is open for Retail Business
The retail juggernaut is ready to roll in India. After the announcements to liberalize foreign investment in both Single & Multiple brand retail ( SBR & MBR ) the current Congress government was virtually under siege. It was widely speculated that the government would have to roll back the approval to invest in MBR due to pressures received from nearly all political opposition parties in India.
The Mystique of Retail in India – Part 2
Allowing FDI in retail continues to stir up passions & threatens to be the biggest issue in the Indian parliament & political landscape in the next couple of months. The major issue is permission of FDI in Multi Brand Retail (MBR) which I wrote about in my last article.
The retail mystique and foreign investors in India
Through a press note on 20 September, India announced that 51% foreign direct investment (FDI) in multi-brand retail trade (MBRT) has been permitted for the first time.
Foreign direct investment into india
The Indian Government embarked on liberalising the regulatory framework, with specific reference to foreign investment through the Statement on Industrial Policy of 1991. Since then, the Indian regulatory environment for foreign investment has been consistently eased to make it investor- friendly.