Category Archives: Investment in India

FDI in Single Brand Retail Trading

Posted on January 12, 2012 by Mukesh Goel

Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion (FC-I Section) Press Note No.1 (2012 Series) Subject: Review of the policy on Foreign Direct Investment- liberalization of the policy in Single-Brand Retail Trading. 1.0 Present … Continue reading →

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Deregulation of Savings Bank Deposit Interest Rate

Posted on November 25, 2011 by Mukesh Goel

RBI/2011-12/ 281 UBD.BPD.(PCB)CIR No. 13 /13.01.000/2011?12 November 25, 2011 The Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir/Madam, Deregulation of Savings Bank Deposit Interest Rate Please refer to our circular No.UBD.BPD.(PCB)CIR No.45/13.01.00/2010-11 dated May 3, 2011 enclosing a … Continue reading →

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RBI liberalises Forex Facilities for Individuals

Posted on September 28, 2011 by Mukesh Goel

The Reserve Bank of India has further liberalised foreign exchange facilities for individuals under the Foreign Exchange Management Act, (FEMA) 1999. The facilities are: 1. NRIs can be Joint Holders in Resident’s SB/EEFC/RFC Accounts Individual residents in India are now … Continue reading →

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External Commercial Borrowings – Simplification of Procedure

Posted on September 16, 2011 by Mukesh Goel

RBI/2011 -12/169 A. P. (DIR Series) Circular No. 11 September 07, 2011 To All Category – I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings – Simplification of Procedure Attention of Authorized Dealer Category-I (AD Category-I) banks is invited … Continue reading →

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Process of incorporation of Companies and establishment of principal place of business in India by Foreign Companies – Procedure simplified

Posted on March 11, 2011 by Mukesh Goel

The Ministry has got the issue examined by Business Process Re-engineering Group under MCA-21 and in order to speed up and simplify the process of incorporation of Companies and establishment of principal place of business in India by Foreign Companies … Continue reading →

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Announcement of New USA Branch of MRC

Posted on December 13, 2010 by Mukesh Goel

We are delighted to inform you that Mukesh Raj & Co. (MRC) has inagurated its first foreign branch office at New Jersey, United States Of America. The new foreign office address is: MRC (Chartered Accountants) 85, Forest Drive, Apartment C … Continue reading →

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No Objection Certificate for conversion of Investment Company into LLP

Posted on October 22, 2010 by Mukesh Goel

The Limited Liability Partnership Act, 2008 (herein after called “Act”) has brought a new kind of business vehicle in the Country called LLP, allowing small business and entities to carry on business under a flexible business model. The Act is silent … Continue reading →

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Department of Industrial Policy and Promotion (DIPP)discussion paper on Compulsory Licencing of Patents

Posted on October 9, 2010 by Mukesh Goel

The Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, Government of India, has kick off the issue of compulsory licencing, in a direction of ramifications of policies. In a move to curb excessive monopolistic prices of medicines, … Continue reading →

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FORM 15CA & 15CB (REMITTANCES TO NON-RESIDENTS UNDER SECTION 195 OF THE INCOME-TAX ACT)

Posted on September 29, 2010 by Mukesh Goel

Section 195 of the Income-tax Act, 1961 mandates deduction of income-tax from payments made or credit given to non-residents at the rates in force. The person making the remittance to a non-resident needs to furnish an undertaking (in Form 15CA) … Continue reading →

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Govt approves simplified labour law

Posted on September 20, 2010 by Mukesh Goel

The Cabinet today cleared a simplified version of a labour Bill that will benefit small business establishments employing up to 40 workers in maintaining registers and submitting returns electronically. According to the decision, the Labour Laws (Exemption from Furnishing Returns … Continue reading →

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