Government of India has enacted the Real Estate (Regulation and Development) Act 2016 ("Act") and all the sections of the Act shall come into force with effect from May 1, 2017. Under this Act, Government of Maharashtra vide notification dated April 20th, 2017 notified the Maharashtra Real Estate (Regulation Development) (Registration of Real Estate Projects,... Continue Reading →
The Real Estate (Regulation and Development) Act, 2016
The real estate sector is widely unorganized, unregulated and was prone to deception. Since a long time, there has been a dire need to regulate the real estate sector and to establish a law to promote an environment of trust and confidence amongst the purchasers in the real estate sector. For any deficiency of services... Continue Reading →
Cracking the code (Part 2): Initiating an Insolvency Proceeding
The Code offers a comprehensive and uniform insolvency legislation which deals with partnerships, firms and companies. The aim is to construct a separate framework for bankruptcy resolution. A Financial Creditor or an Operational Creditor can initiate a CIRP against a Corporate Debtor at the National Company Law Tribunal (“NCLT”). Further to our Part I, in... Continue Reading →
Cracking the Code (Part I): Introduction
The Insolvency and Bankruptcy Code, 2016 (“Code”), has attracted attention since its inception and it is being closely watched since the day it has come into effect, as it brings along with itself a promise to change the face of corporate insolvency process in India. The Code is a result of years of grappling with... Continue Reading →
The Citizenship (Amendment) Act, 2015 and major overhauls to galvanize expat investments (Part 6)
Further to our Part V, this post seeks to examine the amendments brought about by RBI to permit NRIs to subscribe to the National Pension System and the clarification issued by Employees Provident Fund Organization towards provident fund contributions to be made by certain establishments towards ‘International Workers’. 9. Foreign Exchange Management (Transfer or Issue of... Continue Reading →
The Citizenship (Amendment) Act, 2015 and major overhauls to galvanize expat investments (Part 5)
Further to our Part IV, this post seeks to examine the changes brought about by RBI in the Foreign Exchange Management (Remittance of Assets) Regulations, 2016, the Foreign Exchange Management (Deposit) Regulations, 2016 and the new investment option of ‘masala bonds’ made available to global investors to invest in India. 6. Foreign Exchange Management (Remittance of... Continue Reading →
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