Tag Archives: Singhania & Co

ILN Today Post

The Insolvency and Bankruptcy Code ’16

The Insolvency and Bankruptcy Code, 2016 is a comprehensive piece of legislation that touches all insolvency and bankruptcy issues of companies, limited liability partnerships (LLPs), limited liability entities, individual and partnership firms.

The Insolvency and Bankruptcy Code, 2016 (the Code) applies to both domestic and foreign creditors in dealing with issues related to cross- border transactions of companies incorporated under the Companies Act, 2013. Enactment of the Code is an attempt to match the international corporate standards followed across the globe.

 

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Revisiting Dispute Resolution Mechanisms

It is important for the government to develop an efficient dispute resolution mechanism to prevent the slowdown of PPP projects.

The private sector brings with it the benefit of private funding of the projects and efficiency of operations. ‘Public-Private Partnership’ (PPP) has been a relatively flourishing model for infrastructure development in India. In PPP, the concession agreement is signed between two parties i.e., the authority and the private party, viz., concessionaire, where the private party is elected through the process of open competitive bidding.

PPP Article in Infrastructure 230816

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ILN Today Post

Mumbai gets favorable order from Bombay High Court

The deal was relating to an Agency agreement between an Indian agent and our client, a foreign principal. The Agency Agreement was for supply of certain material by our client against a Government Tender. The Agreement was for a period of 10 years.

Our client terminated the Agreement by giving due notice. The Indian agent filed civil suit for declaration stating that the Agreement was wrongly terminated and he continues to be the agent. 

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Update on labor law reforms in India

October 30, 2015

The Government of India is focusing on thorough revamping of existing labour law with sole objective of making it easier to do business in India and create jobs.

  • The Labour Ministry has drafted a bill to integrate three of the existing labour laws i.e. Trade Unions Act, Industrial Disputes Act and Industrial Employment (Standing Orders) Act into a single code for industrial relations.
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Important News from India ‘MODI’FIED POLICIES – A VIBRANT INDIA

As the new Prime Minister (elect) is all set to take charge on 26th May 2014, the expectations are running high. Looking at the overwhelming mandate and a historic win, the people of India have all the right reasons to believe that “achhe din” (good days) are to follow as Mr. Modi swears in as the 14th Prime Minister with a backing of such an astonishing and strongest electoral mandate since 1984. The business confidence has run up as a stable government would surely improve the business environment in this country. The man who introduced Gujarat to the world through his biennial investors’ summit ‘Vibrant Gujarat’ now has the big responsibility to live upto the expectations of the citizens of this country who have shown faith in his potential to turn this nation to a “Vibrant India”. Investors are convinced Modi can move things. More…

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Implications of the New Maharashtra Housing Authority Act – An Analysis

Imagine those days in the era of 70s and 80s where an investment in the real estate property (considering per square feet) was just thrice of a Primier Padmini car. The situation has changed drastically as now the property prices have multiplied into hundred times as before while a Primier Padmini car doesn’t even exist. In India, the real estate sector is once again in the limelight. This is so because the Indian economy is at a very phenomenal stage. There are strong signs of an economic surge with the Sensex, RBI and the impending General Elections acting as contributing factors. In the light of the present scenario, the Maharashtra Housing (Regulation and Development) Act, 2012 comes into the picture. More…

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India: Oil & Gas News

Governmental and Regulatory Updates

1. Competition Commission of India (gCCIh) to investigate against oil marketing companies for suspected cartelisation The CCI may soon ask its investigation wing to carry out a detailed investigation into the alleged cartel]like behaviour of oil marketing companies increasing and decreasing prices of petrol in unison. After carrying out an initial enquiry on the matter, the CCI found that ‘there was no valid reason why Indian Oil, Hindustan Petroleum and Bharat Petroleum were increasing and decreasing price of petrol in unison. More…

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Singhania & Co. Monthly Newsletter

In this issue we have highlighted the recent regulatory developments and exemptions. Most of these developments had been long-term demands of the Indian Corporate sector. A steady string of notifications and circulars under Companies Act, 1956 has considerably eased procedural issues.


Monthly News Letter – Latest legal Updates  July 2011

Indian Corporate Sector gets a much-needed Makeover

·         Exemption from managerial remuneration approval for unlisted companies

·         Exemption from submission of separate balance sheets for all subsidiaries

·         Registration of company in 24 hours

·         M&A regulations under the Competition Act notified

For the full newsletter, click here.

 

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Emerging Investment Opportunities in India: The Multi-Brand Retail Segment

A consensus has emerged in the government to permit foreign direct investment (FDI) in multi-brand retailing.

The Ministries of agriculture and food processing and the Planning Commission have suggested FDI up to 100 per cent in this sector, where other ministries have suggested smaller caps and sought more suggestions from industry.

The inter-ministerial group of inflation headed by Kaushik Basu, who is the chief economic advisor in the finance ministry, has recommended that FDI in multi-brand retail should be permitted, as it could be one of the key steps to help reduce rising prices and cut the margin between farms and retail prices.

To read the full article, please click here.

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