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• Jul, 30, 2015
• Joseph Administrator
• Legal Update

The Directorate of Enforcement has issued show cause notices to 61 firms, including Emaar MGF Land, Sahara India Commercial Corp and McDonald’s India for violation of FDI norms over three years. DoE conducts investigations under Foreign Exchange Management Act, 1999 (FEMA) in respect of cases of violations of foreign direct investment (FDI) norms on receipt […]

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• Jul, 15, 2015
• Joseph Administrator
• Legal Update

Foreign direct investment (FDI) into equity jumped 48 per cent after the launch of the ‘Make in India’ programme. The ‘Make in India’ initiative, which seeks to make the country a global manufacturing hub, was launched on September 25 last year. Between October 2014 and April 2015, equity FDI rose 48 per cent, according to […]

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• May, 29, 2015
• Joseph Administrator
• Legal Update

The Companies (Amendment) Act, 2015 has been notified in official gazette on May 26, 2015. Highlights of Companies (Amendment) Act, 2015 are as follows: 1. Requirement of minimum paid up share capital i.e. in case of private companies INR 1 Lac and in case of public companies INR 5 Lacs has been omitted;(section 2(68) and […]

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• May, 28, 2015
• Joseph Administrator
• Legal Update

The government has said that FIPB’s approval will not be required for merger and acquisitions in sectors where FDI is allowed under automatic route, a move aimed at further improving the ease of doing business in the country. The initiative is aimed at clarifying the grey areas in the foreign direct investment (FDI) policy. Inter-ministerial […]

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• May, 25, 2015
• Joseph Administrator
• Legal Update

The government has cleared 21 foreign direct investment (FDI) deals worth Rs 281 crore but deferred Kotak Mahindra Bank’s proposal to hike foreign investment limit in the bank to 55 per cent. FDI proposals under approval route are cleared by the Foreign Investment Promotion Board (FIPB). However, those proposals involving investment of more than Rs […]

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• May, 24, 2015
• Joseph Administrator
• Legal Update

The Commerce and Industry Ministry is planning to undertake a “360-degree” media campaign to promote ‘Make in India’ and attract overseas and domestic investment. The objective of the campaign is generating awareness about investment opportunities and prospects of the country, to promote India as a preferred investment destination in the source markets overseas and to […]

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• May, 21, 2015
• Joseph Administrator
• Legal Update

Government will consider repealing the 51 per cent FDI policy in multi-brand retail, while no proposal would be entertained for opening supermarkets in India by foreign players, Union Minister Nirmala Sitharaman said. The statement comes amid a fresh controversy after the Department of Industrial Policy and Promotion (DIPP) in its consolidated FDI policy retained the […]

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• May, 19, 2015
• Joseph Administrator
• Legal Update

E-LEARNING IP PORTAL by Indian Patent Office Indian Patent Office has started e-learning resources for general public to spread information on various aspects of Intellectual Property Rights in India. The topics covered are Intellectual Property Office Design Registration Geographical Indications Registration Patent Office Procedures Madrid Protocol (TMR) Patent Dynamic Utilities PCT filing Trade Marks Registration […]