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 →
The Citizenship (Amendment) Act, 2015 and major overhauls to galvanize expat investments (Part 4)
Further to our Part III, this post seeks to examine the access provided by RBI to NRIs towards the exchange traded currency derivatives’ market and relaxations brought about in the extant guidelines for subscription to chit funds by NRIs. 4. NRIs permitted access to Exchange Traded Currency Derivatives (“ETCD”) market With a view to enable additional... Continue Reading →
The Citizenship (Amendment) Act, 2015 and major overhauls to galvanize expat investments (Part 3)
Further to our previous post, this post seeks to examine the major overhauls brought in by GOI to engage more meaningfully with Indian expats post promulgating the Ordinance. The GOI has brought in a series of reforms to liberalize India's foreign investment policy and create a conducive legal and regulatory environment for foreign investment. To... Continue Reading →
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