News
TRAI caps duration of TV advertisements
20 April 2013
The Telecom Regulatory Authority of India (TRAI) has amended the Standards of Quality of Service (Duration of Advertisements in Television Channels) Regulations, 2012 to impose a cap of twelve minutes per hour on commercial advertisements.
Write-off of unrealized export bills - RBI issues new guidelines
19 March 2013
Exporters, including status holders, have been allowed to self write-off unrealised export bills, subject to limits in terms of specified percentage of the proceeds realized during previous calendar year. As per Reserve Bank of India A.P.
Banking mergers to face scrutiny of two regulators
20 December 2012
Bank M&As may have to obtain clearance both from the Competition Commission of India (CCI) and Reserve Bank of India (RBI) according to recent reports.
Govt. to press CTRL button on foreign investment
20 December 2012
The Finance Ministry had recently suggested the Department of Industrial Policy and Promotion (DIPP), the nodal agency for foreign direct investment in India to amend the definition of ‘control’.
Scope of ECBs set to widen
20 December 2012
The Indian Government is all set to widen the scope of External Commercial Borrowings (ECB) by changing the definition of ‘infrastructure’, as approved by the Cabinet committee on infrastructure.
Service quality benchmarks for wireless data services
20 December 2012
The Telecom Regulatory Authority of India (TRAI) has released “The Standards of Quality of Service for Wireless Data Services Regulations, 2012”.
Appointment of arbitrators – Procedures cannot be bifurcated
23 November 2012
The Supreme Court has held that the procedure followed by the Calcutta High Court in considering applications for appointment of arbitrator(s) under Section 11 of the Arbitration and Conciliation Act, 1996 in a piecemeal manner is legally impermissible.
Budget 2015 – Tax rates enhanced but procedures relaxed
01 January 0001
28 February 2015 Rate of Central Excise duty, which is levied on goods manufactured in India, have been revised upwards for several items. In its first full Budget presentation since taking office in June last year, the Finance Minister has today (28-2-2015) enhanced the rates of Central Excise
Yoga sequence – not moving towards copyright
01 January 0001
While copyright may have less to do with appealing to the eye and beauty of movements etc, a ‘static and kinetic successions of bodily movement’ may be subject to copyright.
Equity shares to non-resident entity against pre-incorporation expenses
01 January 0001
The Reserve Bank of India (‘RBI’) by its Notification dated October 24, 2016, has amended the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 (‘Regulations’).