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Cabinet Decides To Abolish Foreign Investment Promotion Board

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to the phasing out of the Foreign Investment Promotion Board (“FIPB”). FIPB was an inter-ministerial body under the finance ministry’s Department of Economic Affairs that processed FDI proposals and made recommendations for government approval. It was set up after India …

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Changes In Definition Of Startup

Startup India was launched by the Government of India on 16th January 2016 to build a strong eco-system for nurturing innovation and Startups in the country to drive economic growth and generate large scale employment opportunities. In order to promote entrepreneurship in the country, the Government of India has amended the definition of a Startup. …

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Trademark Rules, 2017

Introduction: The Department of Industrial Policy and Promotion has vide a notification dated 6th March, 2017 notified the Trademark Rules, 2017 (“Rules”). These Rules which will replace the erstwhile Trademark Rules, 2002 have helped to scrape several redundant and obsolete provisions and have streamlined and simplified the process of trademark applications. The salient features of …

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Model Shops And Establishments (Regulation Of Employment And Conditions Of Service) Bill, 2016

Introduction: On June 29, 2016, the Union Cabinet, chaired by the Prime Minister Shri Narendra Modi finalized and approved the Model Shops and Establishment (Regulation of Employment and Conditions of Service) Bill, 2016 (“Model Bill”). The Model Bill is a welfare legislation aimed at bringing uniformity in regulation of employment and conditions of service throughout …

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