Tag Archives: Setting up your business in India

Diverging corporate laws

Diverging corporate laws

The government of India recently constituted a committee to enhance and create more opportunities by reshaping the existing rules and regulations. This is in relation to the Company Law for which SEBI (Securities Exchange Board of India) has come up with amendments providing a phased timeline from October 1, 2018 to April 1, 2020 for most of the impediments.

Below are certain key amendments which shall become effective from April 1, 2019:

  1. Divulgence of related party transactions on consolidation basis
    In accordance to Regulation 23 of SEBI (LODR) (‘’Listing Obligations and Disclosures Requirements’’) (Amendment) Regulations, 2018, disclosure of related party
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Tax Evaders – Be cautious

Tax Evaders – Be cautious!

Tax is the primary compulsory public contribution of government revenue where finance data may have a direct impact on taxes triggering a company’s operations, risks or opportunities. Taxation could change radically as with effect from April 1, 2019 of the financial year, the taxman will begin looking into 360-degree profiles of Indian taxpayers. Tax evasion is an unethical action which results biased income distribution and a halt to the stability of economy. It is usually associated with informal economy. But now, life will be a change for the taxpayers whose spending patterns don’t match their earning declarations.  A range of … Read more