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Khaitan & Co | India | 27 Sep 2021

Ensuring Socially Conscious Business Practices: Clarifications by the Ministry of Corporate Affairs on the Corporate Social Responsibility Framework in India

Corporate Social Responsibility (CSR), working towards the common goal of social development, has been in place as a mandatory requirement ever since…
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RK Dewan & Co | India | 12 Aug 2021

Consumer Protection Rules 2021

To regulate direct selling activities, the Central Government of India, proposed the draft Consumer Protection (Direct Selling) Rules, 2021 (“Rules”).
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Khaitan & Co | India | 9 Aug 2021

ERGO Analysing developments impacting business: India Public Markets Reforms | Several New Flexibilities for Financial Sponsors

SEBI on 6 August 2021 announced several policy changes which should be very positively factored by the financial sponsor community. Set out below…
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Khaitan & Co | India | 9 Aug 2021

Respite for limited liability partnerships: Paving the way towards a start-up ecosystem

With a view to encouraging start-ups and facilitating greater ease of conducting business, the Limited Liability Partnership (Amendment) Bill…
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BTG Legal | India | 12 May 2021

SPECIAL MEASURES UNDER COMPANIES ACT, 2013 AND LIMITED LIABILITY PARTNERSHIP ACT, 2008 PROPOSED BY MINISTRY OF CORPORATE AFFAIRS (MCA) FOR COVID-19

The Ministry of Corporate Affairs (MCA) has adopted certain special measures/relaxations in light of the COVID-19 outbreak and the present situation…
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AZB & Partners | India | 1 Apr 2021

Ministry of Corporate Affairs provides exemptions to companies with listed debt securities

On 19 February 2021 the Ministry of Corporate Affairs brought much-awaited relief to purely debt-listed public and private companies by exempting…
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A&L Goodbody | Ireland | 22 Mar 2021

Updates to the Irish Collective Asset-management Vehicles Act 2015 (‘ICAV Act’)

To secure Ireland’s competitiveness in international financial services, the Investment Limited Partnerships (Amendment) Act ('2020 Act') has made…
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Cyril Amarchand Mangaldas | India | 15 Mar 2021

Computation of ‘net profits’ for Managerial Remuneration - Has this provision outlived its utility?

Section 198 of the Companies Act, 2013 (‘2013 Act’), prescribes a special method for computation of ‘net profits’ of a company in a financial year —…
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Cyril Amarchand Mangaldas | India, United Kingdom | 24 Feb 2021

Serious Fraud Investigation Office - Keeping a close watch on frauds in India Inc

The Serious Fraud Investigation Office (‘SFIO’) is an organisation established under the aegis of the Ministry of Corporate Affairs (‘MCA’) - for…
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Cyril Amarchand Mangaldas | India | 23 Feb 2021

Minimum Interest Rates on loans to foreign WOS - Need for Review

Inter-corporate loans granted by a company are regulated under Section 186 of the Companies Act, 2013 (‘2013 Act’). One important pre-condition…
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