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  • Article

    SEBI Issues Format For Disclosing Voting Results Under New Listing Norms

    This is a step towards greater transparency and protecting investor's rights in listed entities by requiring full disclosure on items that are put to vote.
    IndiaCorporate/Commercial Law
    Agram Legal Consultants
    Agram Legal Consultants
  • Article

    Hindu Undivided Families Or Its Karta Not Permitted To Become Partners Or Designated Partners In Limited Liability Partnerships

    The MCA has clarified that only an individual or a body corporate will be permitted to be partner(s) in Limited Liability Partnerships ("LLP")...
    IndiaCorporate/Commercial Law
    Agram Legal Consultants
    Agram Legal Consultants
  • Article

    RBI Permits Non Resident Indians To Subscribe To National Pension Systems

    Non-Resident Indians ("NRI") will now be permitted to invest in the National Pension System ("NPS") as an investment option under the Foreign Exchange Management Act, 1999.
    IndiaEmployment and HR
    Agram Legal Consultants
    Agram Legal Consultants
  • Article

    Guidelines For Indian Depository Receipt Holdings

    Listed entities that have issued IDRs should file the holding pattern of the same on a quarterly basis within 15 (fifteen) days of the end of a quarter, in the prescribed format...
    IndiaCorporate/Commercial Law
    Agram Legal Consultants
    Agram Legal Consultants
  • Article

    Department Of Industrial Policy And Promotion Notifies Foreign Direct Investment In White Label ATM Operations

    This is a significant step in not only increasing the ease of making foreign investment but also the achievement of financial inclusion in the country...
    IndiaGovernment, Public Sector
    Agram Legal Consultants
    Agram Legal Consultants
  • Article

    Reserve Bank Of India Not To Grant Any Fresh Permission To Foreign Law Firms For Opening Liaison Offices

    In the case of Bar Council of India vs. A.K. Balaji & Others, the Supreme Court of India had passed an interim order on July 4, 2012, directing the RBI not to grant any fresh permissions to foreign law firms...
    IndiaGovernment, Public Sector
    Agram Legal Consultants
    Agram Legal Consultants
  • Article

    Limited Liability Partnerships To Submit Report On Annual Return On Foreign Liabilities And Assets

    The FLA Return was earlier required to be submitted by all Indian companies that received FDI, or made FDI abroad, but has now been made applicable to LLPs as well.
    IndiaCorporate/Commercial Law
    Agram Legal Consultants
    Agram Legal Consultants
  • Article

    Process For Public Issue Of Equity Shares And Convertibles Simplified

    The Listing Circular looks to reduce timelines for listing of securities to benefit all stakeholders.
    IndiaCorporate/Commercial Law
    Agram Legal Consultants
    Agram Legal Consultants
  • Article

    RBI Issues Norms For Computing Total Foreign Investment

    Certain amendments have been made to Schedule I of the Regulations to bring it in line with the amendments/clarifications to the FDI Policy.
    IndiaGovernment, Public Sector
    Agram Legal Consultants
    Agram Legal Consultants
  • Article

    Format For Business Responsibility Report Under New Listing Regulations

    The BRR Circular ensures that listed entities are made responsible not only to their investors and customers but to their employees and the environment, by incorporating policies for the well-being of the same.
    IndiaCorporate/Commercial Law
    Agram Legal Consultants
    Agram Legal Consultants
  • Article

    Regularisation Of Assets Held Abroad By Person Resident In India

    The RBI issued the RBI (Regularisation of assets held abroad by person resident in India) Regulations, 2015 ("Regulations"), by a notification dated September 25, 2015.
    IndiaTax
    Agram Legal Consultants
    Agram Legal Consultants
  • Article

    Reserve Bank Consolidates Regulations Relating To Acquisition Of Immovable Property Outside India

    The Transfer of Immovable Property Regulations 2015 are to come into effect from date of its publication in the official gazette and relates inter alia, to acquisition and transfer of immovable property outside India by an Indian resident.
    IndiaReal Estate and Construction
    Agram Legal Consultants
    Agram Legal Consultants
  • Article

    Export Of Goods And Services Regulations Streamlined By The RBI

    The Foreign Exchange Management (Export of goods and services) Regulations, 2000 have been superseded by the Foreign Exchange Management (Export of Goods and Services) Regulations, 2015 issued by the RBI on January 12, 2016.
    IndiaInternational Law
    Agram Legal Consultants
    Agram Legal Consultants
  • Article

    SEBI Amends Exemptions Provided To Small Companies For Delisting Of Shares

    The Securities Exchange Board of India ("SEBI") amended the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 ("Delisting Regulations")...
    IndiaCorporate/Commercial Law
    Agram Legal Consultants
    Agram Legal Consultants
  • Article

    Norms Relaxed For Indian Residents To Hedge Foreign Currency Liability

    Banks will have to report such swap transaction, including details of the borrower on the Clearing Corporation of India Limited's reporting platform.
    IndiaFinance and Banking
    Agram Legal Consultants
    Agram Legal Consultants
  • Article

    Real Estate Giant Jaypee Group Escapes Penalty For Alleged Abuse Of Dominant Position

    Real estate giant Jaiprakash Associates Limited and its associate, Jaypee Infratech Limited (collectively "Jaypee Group") narrowly escaped a ₹ 6,659,400,000 penalty.
    IndiaReal Estate and Construction
    Agram Legal Consultants
    Agram Legal Consultants
  • Article

    SEBI Provides Exemptions To Entities Desirous Of Submitting Schemes Of Arrangments

    On November 30, 2015, SEBI issued a circular granting certain relaxations from strict enforcement of listing related obligations under the Securities Contracts (Regulation) Rules, 1957 and under the Listing Regulations.
    IndiaCorporate/Commercial Law
    Agram Legal Consultants
    Agram Legal Consultants
  • Article

    Reserve Bank Of India Issues Directions In Relation To Acquisition Of Shares Or Voting Rights In Private Sector Banks

    On November 19, 2015, the Reserve Bank of India ("RBI") has issued the RBI (Prior approval for acquisition of shares or voting rights in private sector banks) Directions, 2015 ("Directions").
    IndiaFinance and Banking
    Agram Legal Consultants
    Agram Legal Consultants
  • Article

    Merger Control Thresholds Enhanced And Group Exemption Extended

    The exemptions and the increased thresholds under 2016 Exemption Notifications will be effective for a period of 5 (five) years from the date of the publication.
    IndiaAntitrust/Competition Law
    Agram Legal Consultants
    Agram Legal Consultants
  • Article

    Ministry Of Corporate Affairs Establishes Central Registration Centre To Process Reservation Of Names Applications

    The Register of Companies ("ROC"), Delhi will be exercising administrative control over the CRC until a separate Registrar is appointed for the same.
    IndiaCorporate/Commercial Law
    Agram Legal Consultants
    Agram Legal Consultants

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