Changes in India’s Overseas Investment Framework: Addressing the Round-Tripping Dilemma
by Rabindra Jhunjhunwala† and Sushmita Som††
Ministry of Finance
MoF tightens rules on International Credit Card transactions vide FEMA (Current Account Transactions) (Amendment) Rules, 2023
On 16-5-2023, the Ministry of Finance notified the Foreign Exchange Management (Current Account Transactions) (Amendment) Rules, 2023 to amend the Foreign Exchange
MoF widens ambit of “Person carrying on designated business or profession” under PMLA
On 9-5-2023, the Ministry of Finance notified that the following activities when carried out in the course of business on behalf of
LEGISLATION MARCH 2023 | 17+ Stories on New Drugs and Clinical Trials Development Methodology revised; Surrogacy Methods of Treatment revised; Maximum Allowed CF for Emission Testing introduced; SEBI Circulars & more
MINISTRY OF FINANCE “Implementation of Policies by groups” introduced vide PML (Maintenance of Records) Amendment Rules, 2023 On 7-3-2023, the Ministry of
Call For Papers: NUJS Law Review : Special Issue on Disability Law and Disability Rights Movement
NUJS Law Review is the leading student-reviewed law journal of this country and is continuously cited by the Supreme Court with its
Shardul Amarchand Mangaldas advises Core Infrastructure India Fund and Global Energy Efficiency and Renewable Energy Fund on sale of their stake in SolarArise India Projects to Thomas Lloyd Energy Impact Trust Plc.
14 February 2023| New Delhi: : Shardul Amarchand Mangaldas & Co. advised Core Infrastructure India Fund Pte Limited (a fund of the
Whether Air Force Group Insurance Society, Air HQs Non-public Fund Organization, and CRPF Employees Educational Society be treated as ‘State’ under Article 12? Delhi High Court rules
Even though petitioners have claimed that deduction of an amount of their contribution to the Society is permitted by the Ministry of Finance and that the land to run the Society is allocated by the Government, we find that purpose to provide aid in the form of sanction and land to the Society is to enable it to function smoothly to the benefit of its members. However, this does not establish that these functionaries are being run by the Air Force or the Central Government.
LEGISLATION JANUARY 2023 ROUND UP| 18 + Stories on National Green Hydrogen Mission; MCA notifications; IFSCA Regulations on Appointed Actuary; Renewal of registration certificate of Govt. Vehicles and many more
Union Cabinet Cabinet approves National Green Hydrogen Mission The Union Cabinet has approved National Green Hydrogen Mission. The initial outlay for the
Ministry of Finance issues Rs. 75 coin on the occasion of 75 years of raising of NCC
On 25-1-2023, the Ministry of Finance notified the Coinage (Issue of Commemorative Coin on the Occasion of 75 Years of Raising of
Legislation December 2022 Round Up | Top 16 Stories on Under-17 Women’s World Cup , Registration of regular vehicles into Bharat Series, National Geospatial Policy, SEBI’s Master Circular for FPIs, DDPs and Eligible Foreign Investors, RBI’s Series III & IV Gold Bond Scheme; and more
MINISTRY OF FINANCE CBDT notifies Under-17 Women’s World Cup, 2022 as the international sporting event The Central Government has notified
CBIC notifies CGST (Fifth Amendment) Rules, 2022
On 26-12-2022, the Ministry of Finance has notified the Central Goods and Services Tax (Fifth Amendment) Rules, 2022 to amend
Ministry of Finance issues revised guidelines for compounding of offence under the Income -Tax Act, 1961
On 16-9-2022 the CBDT has issued revised guidelines for compounding of offence under the Income-Tax Act, 1961 to simplify and
New Form ITR-A for successor entities to furnish their return of income, notified vide Income-tax (31st Amendment) Rules, 2022
On 19-09-2022, the Ministry of Finance has notified the Income-tax (31st Amendment) Rules, 2022 in order to amend Income-Tax Rules 1962 which
CBDT notifies submission of COVID-19 related documents by the employees to the employer
The Central Government has notified submission of following documents by the employees to the employer: COVID-19 positive report of the employee or
Ministry of Finance notifies 7.1% rate of interest under the special deposit scheme
On 14-07-2022, the Ministry of Finance has notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and
Application u/s 158AB to defer filing of appeal before Tribunal or jurisdictional High Court introduced vide Income-tax (Twenty Second Amendment) Rules, 2022
The Central Board of Direct Taxes notifies Income-tax (Twenty Second Amendment) Rules, 2022 to amend the Income-tax Rules, 1962. The amendment introduces
Bullion exchange units will now be deemed IFSCs vide Special Economic Zones (Second Amendment) Rules, 2022
On 6th July, 2022, Central Government passed Special Economic Zones (Second Amendment) Rules, 2022. It will be coming into force with immediate
Courier Imports and Exports (Electronic Declaration and Processing), Amendment, Regulations, 2021
The Ministry of Finance has notified the Courier Imports and Exports (Electronic Declaration and Processing), Amendment, Regulations, 2021 to further amend the
Ministry notifies Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2021
The Ministry of Finance has notified the Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2021 to further amend the Foreign Exchange
Central Goods and Services Tax (Eighth Amendment) Rules, 2021
On September 24, 2021, the Central Government on the recommendations of the Council, makes the Central Goods and Services Tax (Eighth Amendment)