Startup India

Introduction Startup India is aflagship initiative of the Government of India, intended to build a strongeco-system for nurturing innovation and startups in the country that will drivesustainable economic growth and generate large scale employment opportunities. StartupIndia campaign is based on an action plan aimed at promoting bank financing forstart-up ventures to boost entrepreneurship and encourage […]

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 […]

Highlights of the Arbitration Amendment Act, 2015

The success and failure of a system predominantly lies in the commitment to drive out the flaws from it. An attempt was made by the legislature in 1996 when amendments were made to the Arbitration Act of 1940 and now another effort has been made to drive out the various shortcomings that have not only […]

Goods and Services Tax Bill cleared by Rajya Sabha

The Goods and Services Tax (“GST”) Bill is the Constitution (122nd Amendment) Bill,2014. It is the biggest tax reform in India since the economy began to be opened up 25 years ago. The Lok Sabha (lower house of the Parliament) cleared the GST proposal last year. Inthe Rajya Sabha (upper house of the Parliament), it […]

Ease in FDI Norms-June 2016

Introduction In order to provide major impetus to employment and job creation in India, the government liberalized its foreign direct investment strategy. Changes introduced in the policy include increase in sectoral caps, bringing more activities under automatic route and easing of conditionalities for foreign investment. These amendments seek to further simplify the regulations governing FDI […]

Deposit norms relaxed to help startups raise funds

The Ministry of Corporate Affairs vide notification dated June 29, 2016 issued the Companies (Acceptance of Deposits) Amendment Rules, 2016 that makes it easier for startups to access funds via the convertible note route. This notification is part of the all-round initiatives planned by the Government of India to strengthen the startup ecosystem in India […]

Amendment of double taxation treaty between India and Mauritius

Introduction In orderto plug loopholes in the existing bilateral treaty that inhibit steps to curbblack money, India has signed a protocol agreement with Mauritius to preventevasion of taxes on income and capital gains by entities of either side.According to the amended treaty, India gets taxation rights on capital gainsarising from sale of shares in an […]

Changes in foreign direct investment in 2016

INTRODUCTION To boost Foreign Direct Investment in India, the government has been constantly liberalizing various sectors. Recently certain other sectors, including the much sought after e-commerce was also opened to foreign investors. The snapshot of the recent changes to the Foreign Direct Investment policy are as follows: 1. Foreign Direct Investment ine-commerce sector: Vide a […]

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