REITs To Boost Growth And Transparency In Indian Real Estate Sector!
Ending a tedious seven-year waiting (from the year 2008), the Securities and Exchange Board of India [SEBI], finally approved on August 10, 2014, the establishment of the Real Estate Investment Trusts [REITs] in India, and listing of these on stock exchanges for trading, along with offering detailed provisions and regulations for these purposes....
Corporate Governance and its Objectives
Efficient, Transparent, and Impeccable Corporate Governance is vital for stability, profitability, and desired growth of the business of any organization. The importance of such corporate governance has now become more intensified, owing to ever-growing competition and rivalry in the businesses of almost all economic sectors, both at the national and international levels.
Limited Liability Partnership (LLP) in India
One hugely popular and highly preferred category of entity for doing business in almost all economic sectors in the majority of the countries worldwide, is the limited liability company (LLC), along with the private and public limited corporations. In India and many other countries, these limited liability companies are better known as the Limited Liability Partnerships (LLPs).
Highlights on New Indian Companies Act 2013
Immediate Changes in letterhead, bills or other official communications, as if full name, address of its registered office, Corporate Identity Number (21 digit number allotted by Government), Telephone number, fax number, Email id, website address if any.
One Person Company (OPC) - A New Trend for Business Ownership
The concept of One Person Company (OPC) has now been introduced in India, through Section 2(62) of Companies Act 2013, which was first recommended by Dr. JJ Irani Committee in the year 2005. Though this concept is new in India but is already a part of many other countries like China, Australia, Pakistan and UK etc. Experts feel that the key challenge for such companies will be to ensure that they will be recognized as an entity, and not just an extension of a Sole Proprietorship.
"Corporate Social Responsibility As per New Indian Companies Act 2013"
Corporate Social Responsibility (CSR), a term widely use for defining the responsibilities of Corporate world towards the society & environment. Although the term is not new in this Corporate world but its scope & meaning has undergone major changes from treating it as a mere charity in comparison with the responsibilities/duties of the Corporate towards the outer world.
Supremacy of Shareholders & their Democracy in line with New Act, 2013
Shareholders are one of the vital or should say; are the supreme components in the corporate scenario. They are theoretically empowered to influence and even frame major corporate decisions and are the managers of their company. The aim of legislature gets fulfilled when shareholders are free to exercise their rights in a democratic way and the device through which shareholders influence, lies in the voting rights, attached to ordinary shares.
Bosch Rexroth Pneumatics GmbH And Global Jurix Join Hands To Boost Trademark
The two big corporate players one is well known for offering electronics and engineering components named Bosch GmbH and second is prodigious in serving authentic services in Intellectual Property Rights including Trademark, Patent, Copyright and other corporate legal segments named Global Jurix LLP.
Indian Companies Act, 2013 - A New Beginning!
The new Companies Act (hereinafter referred as CA2013) is replacing old Companies Act, 1956 (hereinafter referred as CA1956). The CA2013 makes comprehensive provisions to govern all listed and unlisted companies in the country. The CA2013 is partially made effective w.e.f. 12th September, 2013, by way of implementing 98 Sections and repealing the relevant sections corresponded with CA1956.
Duties And Liability Of Directors - An Indian Laws Perspective
The Indian government has decided to replace almost six decades old company law governing the companies in India, i.e., the Companies Act, 1956 ("CA1956") by new law, viz., the Companies Act, 2012 ("CA2012"). The CA2012 has already been passed by lower house of the Indian Parliament and approval of upper house of Indian Parliament is pending to become the CA2012 a law.
Foreign Investment In India - Pension Sector
The Indian government in continuation of its economics reforms decision has proposed the foreign direct investment ("FDI") to the extent of 49% in insurance sector besides opening the pension sector for FDI on par with the insurance sector. The Pension Fund Regulatory and Development Authority Bill 2011 ("PFRDA BILL") to implement this decision will be moved in the next (winter) session of the Parliament.
Foreign Investment In Multi-Brand Product Retail Trading &Amp; India Airlines
The Indian government has on 20 September 2012 opened more sectors for foreign direct investment ("FDI") especially multi-brand product retail trading and foreign investment in Indian airlines by foreign airlines. Besides this, the Indian government has also taken the following decisions to increase investment opportunities for foreign investor in India :
Indian Arbitration Law - Supreme Court Implements Uncitral Model Law
Recently, on September 6, 2012, the five members constitutional bench of the Indian supreme court ("Supreme Court") in 'Bharat Aluminum Co. Vs. Kaiser Aluminium Technical Service Inc.2 ("Balco Judgment")' after reconsidering its various previous decisions on the Indian Arbitration & Conciliation Act 1996 ("Indian Arbitration Act") concluded that the Indian Arbitration Act should be interpreted in a manner to give effect to the intent of Indian Parliament.
Advertising And Marketing Law India
At present in India, there is no central statutory agency or uniform legislation regulating the advertising industry. The Indian advertising market as a whole is regulated and controlled by a non-statutory body, the Advertising Standards Council of India (ASCI). In the absence of uniform integrated legislation, it is necessary for advertisers to ensure that an advertisement is in compliance with all local and national advertisement laws.