Highlights of IBBI’s New Corporate Voluntary Liquidation Process Regulations, 2017
Introduction The insolvency and Bankruptcy Board of India (IBBI) via its notification dated 31st March 2017 have issued regulations for voluntary liquidation of corporate persons. These regulations came into force with effect from 1st April 2017. The Corporate persons shall include limited liability partnerships, companies, and other incorporated entities for these regulations. Chapter V of […]
RBI Liberalizes the norms for FDI in LLP
Introduction Limited liability partnership (LLP) was introduced by Ministry of corporate affairs of India in 2008 as a tool for small businesses who want to have a corporate status and need flexibility in compliance requirements in comparison to companies registered under the Companies Act. However, initially the Foreign Direct Investment (FDI) in LLP’s was permitted […]
GST Updates – Road to Implementation of GST in India
Introduction The Goods and Services Tax (GST) is soon going to be a reality in India and the government is taking effective steps to achieve its target implementation dated which is 1st July 2017 waiving the existing dual system of taxation of goods and services in the form of VAT, sales and service tax. It […]
VAT updates in KSA
The General authority for Zakat and taxes (GAZT), the regulatory body for taxation in Kingdom of Saudi Arabia (KSA) have recently updated some notable points on their website about Value Added Tax (VAT). It illuminates the stakeholders about various key facts about implementation of VAT. Key Facts Website clearly states that the legislation for VAT […]
India jumps to 8th place on Global FDI Confidence Index
India has jumped one spot to rank 8th in the 2017 AT Kearney Foreign Direct Investment (FDI) Confidence Index with 31 percent of the surveyed respondents being more optimistic on economic outlook over the next three years. “Investors see India as a vast and diverse up-and-coming market with plans to increase investments there over the […]
IMF envisages faster growth for Indian economy with GST in place
Demonetisation impact was noticeable on the informal sector which was dependent on cash, in the later part of the FY17, said IMF’s Deputy Director for research Gian M Milesi-Ferretti. International Monetary Fund (IMF) maintained India’s growth forecast at 7.2% in FY18, saying the growth path is on-track with medium-term prospect favourable. However, in an exclusive […]