Exemption on long term capital gains tax arising out of transfer of equity shares which are acquired after 1 October 2004 and are chargeable to Security Transaction Tax (STT) – Section 10(38) of the Income Tax Act 1961. In view
Via its notification dated May 4, 2017, the Ministry of Labour & Employment amended the Employees’ Provident Fund Scheme, 1952; the Employees’ Pension Scheme, 1995; and the Employees’ Deposit Linked Insurance Scheme, 1976; to enable payments to be made to
The Telecom Regulatory Authority of India (TRAI) via a letter dated May 16, 2017, has authorised the use of Aadhaar based e-KYC authentication by Internet Service Providers for the purposes of providing broadband and internet connections. This process had already
The Department of Industrial Policy and Promotion (DIPP) (Industrial Promotion Body) and World Intellectual Property Organization (WIPO) have joined hands to establish Technology and Innovation Support Centres (TISC) in the country which is expected to boost generation and commercialisation of
Ministry of Corporate Affairs vide its notification dated 11 May 2017 has amended the Companies (Acceptance of Deposits) Rules 2014 to include “Infrastructure Investment Trusts” in the exemption category and to defer “deposit insurance” for another one year (till 31
SEBI vide its circular no. SEBI/HO/IMD/DF2/CIR/P/2017/39 dated 8 May 2017 has issued guidelines for Instant Access Facility (IAF) in Mutual Funds and use of e-wallet for investment in Mutual Funds, with an objective to channelize households’ savings into capital market
Introduction Masala bonds are bond instruments denominated in Indian Rupees, issued outside India, and typically used by Indian corporate entities as a mode to obtain rupee-denominated borrowings in overseas markets (the “Masala Bond(s)”). The concept of Masala Bond was first
(Note: This post appeared first on NextBigWhat) [caption id= align=aligncenter width=582] Image Credit: makeinindia.com The Startup India Action Plan (the “Plan”) though not exactly a game changer, has been one of the flagship initiatives of the government of India, towards
Employee Stock Option Plan (“ESOP”) is a well-known mode of employee retention, reward and recognition mechanism, especially amongst startups who cannot provide market driven salaries. For private limited and unlisted public limited companies, ESOP is governed by Section 62(1)(b) of
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