The Finance Act of 2023 has introduced an important amendment to the Income-tax Act, of 1961 (the Act). One of its amendments brings the consideration received from non-residents for the issuance of shares within the scope of section 56(2)(viib) of
BE-12 Benchmark Survey – Foreign Direct Investment in the United States Introduction The BE-12 report is a survey conducted by the United States Bureau of Economic Analysis (“BEA”). The survey is conducted every 5 years and is the most comprehensive
The Department of Promotion of Industry & Internal Trade, Government of India issued Press Note No. 1 (2021 Series) [DPIIT File No. 5(13)/2020-FDI Policy] dated March 19, 2021 (‘Press Note’) in order to review the extant FDI Policy with respect
Convertible Notes - India: Issuance, Conversion, Taxation etc from NovoJuris Legal Concept To encourage and boost the highly volatile Start-up culture in India, the Govt. of India issued Consolidated FDI Policy in 2017. The thrust of the policy
Like many other countries, India is also trying to curtail opportunistic take-overs due to massive economic slowdown, falling share price/ valuation due to Covid19 pandemic. The Department for Promotion of Industry and Internal Trade, issued a Press Note on 17
In the past years, United Kingdom, United States of America, Australia, Canada and other European countries have revised their foreign investment policies to protect their domestic firms from hostile takeovers by foreign investors. Following their footsteps, the Government of India
Foreign Direct Investment in a Limited Liability Partnership The Securities and Exchange Board of India (Foreign Portfolio Investors) (Second Amendment) Regulations, 2017 Section 391 (2) Closure of Place of Business by a Foreign Company The Companies (Transfer of Pending
We had shared this note privately to many of the angels and startups who are raising investment. And then, quite a few interesting conversations emerged. Sharing here for the larger audience. Here’s the link to the Budget Speech http://indiabudget.nic.in/bspeecha.asp. The references
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