Finance Ministers of GCC Explore VAT and Economic Issues
The GCC countries have already signed the treaty for implementation of VAT by 2018 and the preparation for successful implementation is already going on a war footing basis. The UAE and KSA are expected to introduce VAT with effect from 1 January 2018 and the rest shall follow within a couple of months. The lawmakers […]
Introduction of New Corporate Bankruptcy Law in Singapore
The Singapore Parliament has on March 10, 2017 approved the Companies (Amendment) Bill 2017 with the objective of increasing the debt restructuring framework in the Country and is effective from March 30, 2017. The act is one of the crucial reforms in Singapore’s Corporate law as it contains provisions as to cross border insolvency, schemes […]
New Rules for Cross Border Mergers of Indian Companies
Introduction The ministry of corporate affairs of India has notified Section 234 of the Companies Act, 2013 which deals with the provisions for amalgamation or merger of an Indian company with a foreign company through their notification dated 13 April 2017. Further, insertion of Rule 25A to the Companies (Compromises, Arrangement and Amalgamations) Rules, 2016 […]