Living with the times

A lawyer who is not up to date with the current legal and regulatory updates is nothing short of dangerous. Therefore, at NovoJuris Legal, we strive to stay current. We are also strong believers of growth of knowledge through sharing. These articles and blogs help us share our research with the world, so that no one has to reinvent the wheel yet again.

  • FDI Limit in Insurance Sector raises to 74 per cent

    FDI Limit in Insurance Sector raises to 74 per cent

    On March 25, 2021, the Insurance Amendment Act, 2021 came into force. Through the said Amendment, Section 2, in clause (7A), for sub-clause (b) of the Insurance Act, 1938 has been substituted with “aggregate holdings of equity shares by foreign

  • Government of India Ministry of Commerce & Industry Department for Promotion of Industry & Internal Trade (FDI Policy Section)

    Government of India Ministry of Commerce & Industry Department for Promotion of Industry & Internal Trade (FDI Policy Section)

    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

    Convertible Notes - India: Issuance, Conversion, Taxation

    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

    NovoJuris
    By NovoJuris 11 months ago
  • Remuneration to India Fund Manager of Offshore Funds

    Remuneration to India Fund Manager of Offshore Funds

    Pursuant to the recent notification by the Central Board of Direct Taxes (“CBDT”), there has been an amendment to the income tax rules in relation to the minimum remuneration payable by an offshore fund to its India based fund manager (“Fund

    Sharda Balaji
    By Sharda Balaji 10 months ago
  • COVID-19 Crisis:  Revised FDI norms for neighbouring countries

    COVID-19 Crisis: Revised FDI norms for neighbouring countries

    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

    NovoJuris
    By NovoJuris about 1 year ago
  • Government approval mandatory for FDI from neighbouring countries

    Government approval mandatory for FDI from neighbouring countries

    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

    NovoJuris
    By NovoJuris about 1 year ago
  • Advisors in Start-ups and Early Stage Companies

    Advisors in Start-ups and Early Stage Companies

    India is witnessing a high growth in the number of start-ups in the country and is also amongst the top start-up ecosystems in the world. The government has provided a few benefits to startups as well, through the Startup India

    PA
    By Paul Albert almost 2 years ago
  • Regulatory Updates: FDI, SEBI Laws, MCA, Labour Laws, Cybersecurity, Trademarks, Bankruptcy and Insolvency, Startup India

    Regulatory Updates: FDI, SEBI Laws, MCA, Labour Laws, Cybersecurity, Trademarks, Bankruptcy and Insolvency, Startup 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

    Sharda Balaji
    By Sharda Balaji about 4 years ago
  • FDI in LLP

    FDI in LLP

    Foreign Director Investment allowed in Limited Liability Partnerships (LLPs), subject to some conditions. Everything that you need to know is listed herein: Who is eligible to invest in LLP? A person resident outside India (PROI) or an entity incorporated outside

    Sharda Balaji
    By Sharda Balaji about 7 years ago
  • India Budget 2013-14 : Impact on Angel Investors and Startups

    India Budget 2013-14 : Impact on Angel Investors and Startups

    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

    Sharda Balaji
    By Sharda Balaji about 8 years ago
  • Foreign Direct Investment is now permitted in LLPs

    Foreign Direct Investment is now permitted in LLPs

    The Cabinet Committee on Economic Affairs (CCEA) on the 11May 2011 approved the proposal to amend the policy on allowing Foreign Direct Investment (FDI) in Limited Liability Partnership (LLP) firms.  A Notification to this effect (which covers minutia) is still

    Sharda Balaji
    By Sharda Balaji about 10 years ago
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