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By Shardul Thacker
Commodity exchange in India plays an important role to organize the prices of any commodity that are fluctuating.
By Shardul Thacker
The Credit Information (Regulation) Act 2005, (CIRA) has laid down the legal framework within which credit information bureaus can collect, process and share credit information on borrowers of banks and foreign investments.
By Shardul Thacker
With the robust Indian economy and consequent increase in housing loans vis-a-vis the ambivalent stand of the Government of India (“GOI”) on recognizing mortgage insurance and related products to protect the creditors on the occurrence of default by borrowers, the Reserve Bank of India (“RBI”) has finally introduced the model of Mortgage Guarantee Companies (“MGC”) in India.
By Shardul Thacker
The legislature having experienced and realised that the members of the Managing Committee of different co-operative societies were acting in an arbitrary manner
By Shardul Thacker
With a view to curb security threats caused by inflow of FDI in various sectors, the National Security Council (NSC) has decided to promulgate an umbrella legislation known as National Security Exception Act (NSEA) aimed at imposing checks on the FDI flow into India.
By Shardul Thacker
Currently, with the FDI ban on multi-brand retail trade, the only viable avenues available to foreign retail players is to enter into license agreements with Indian corporates to enter the India market.
By Shardul Thacker
To accelerate inflow of FDI in India and further simplify the techniques employed in calculation of FDI, Government of India (GOI) is likely to propose a Bill governing indirect shareholdings of foreign investors in Indian companies.
By Shardul Thacker
While LLP has been a popular form of organization adopted by professionals, particularly lawyers, accountants and architects, internationally, GOI has as late as 2006 recognized the necessity to implement a regulatory framework to establish LLPs in India.
By Shardul Thacker
At present, the consumer protection legislation confers certain rights on consumers to safeguard their interests viz. protection against marketing of goods and services hazardous to life and property
By Shardul Thacker
The current FDI norms impose a ceiling of 24 per cent FDI for companies in the SSI sector.
By Shardul Thacker
After the economic reforms of the early 1990s, the Monopolies & Restrictive Trade Practices Act, 1969 (the MRTP Act) was considered to have become obsolete, as India had embraced a market driven economy while entering globalization.
By Shardul Thacker
The Reserve Bank of India (“RBI”) had on 8th May 2007 enhanced the ceiling on investments by Mutual Funds registered with the Securities and Exchange Board of India (“SEBI”) from the existent limit of USD 3 billion to USD 4 billion.
By Shardul Thacker
Presently, an Indian company is permitted to undertake direct investment in all its Joint Ventures (JV) and/ or Wholly Owned Subsidiaries (WOS) abroad engaged in bona fide business activities, provided that the total financial commitment / overseas investment of the Indian company in such JV or WOS does not exceed 300% of its net worth, by virtue of the provisions of the Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2004 ("Regulations").
By Shardul Thacker
As per the Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2004 (Regulations), presently, listed Indian companies are permitted to invest upto 35 per cent of their net worth as on the date of their last audited balance sheet, in the shares of overseas companies listed on a recognized stock exchange and having a shareholding of atleast 10 per cent in any domestic listed company as also in rated bonds and fixed income securities issued by the overseas company.
By Shardul Thacker
Earlier, the Reserve Bank of India had enhanced the limit for prepayment of External Commercial Borrowings (ECB) under the ECB Policy to USD 400 million from the earlier limit of USD 300 million.