Lakshmmi Subramanian & Associates

04/07/2018

An Indian Resident Individual can, under the Liberalized Remittance Scheme framed by the Reserve Bank of India, acquire shares or compulsorily convertible debt instruments in a Joint Venture (JV) or Wholly owned Subsidiary (WOS) abroad upto USD 250,000 per financial year, provided the investment is in accordance with RBI Regulation on overseas Direct Investment by Resident Individuals . Here are the steps required to be taken for remitting money abroad towards investment in shares of JV/WOS: [ 444 more words ]

An Indian Resident Individual can, under the Liberalized Remittance Scheme framed by the Reserve Bank of India, acquire shares or compulsorily convertible debt instruments in a Joint Venture (JV) o…

03/11/2015

Department of industrial policy and promotion is looking at introducing a Start up Act which would consolidate all legal compliance for start ups currently spread across 22 different laws.

29/10/2015

Follow the indigo ipo here:
Size : Rs 3018 cr
Issue Price: Rs 700-765 per share
Made by: inter globe aviation (parent company)
Fresh issue: Rs 1272 crs
OFS by promoters: Rs 1746 crs
Issue opened on 27th October
Issue closes on 29th October
QIB and FII segment already over subscribed
Retail and HNI segment not yet fully subscribed

27/10/2015

The finance ministry decides to go easy on transfer pricing norms, and came out with two solutions for resolving transfer pricing disputes last Tuesday, ie allowing the use of multiple year data and range of comparable prices. The amended rules allow introduction of a 'range concept' for determination of Arm's Length Price ('ALP') to undertake the comparability analysis in transfer pricing cases.

21/10/2015

Trai Asks Telcos to Pay Consumers Re. 1 for Call Drops!!

08/05/2015

In a circular dated 17 April 2014, the Securities and Exchange Board of India made it compulsory for all listed companies to have at least one woman director on their Board. The deadline SEBI has set for this ended on 31 March 2015, with nearly 900 companies not having complied with the rule. In response to this, SEBI on 8 April 2015, issued a circular which directed all companies which have not complied with the norm to do so by June 2015 or have a fine of Rs 50,000 levied against them. Further on compliance would result in further levying of fines up to Rs 1,42,000.

05/05/2015

The , looking to make it easier to set up companies in the country, is now giving the option for entities to apply for director identification number ( ) and other such details, through a single e-form, INC 29. This form can be used for registering one person, private, public and producer companies.

29/04/2015

Board of Directors' Report - Description

27/04/2015

FEMA: Import of Goods and Services

This is the second in a series of articles on the FEMA, 1999. This update summarizes the Foreign Exchange Management (Import of Goods and Services) Regulation, 2000. The regulation is applicable to all importers and the alert deals with the compliances to be undertaken in case of an import.

27/04/2015

FEMA: Export of Goods and Services

This is the first in a series of articles on the FEMA, 1999. This update summarizes the Foreign Exchange Management (Export of Goods and Services) Regulation, 2000. The regulation is applicable to all exporters, and it deals with compliance to be undertaken before and after export of goods/ services/ or software.

15/04/2015

The has issued AS-6 on depreciation . This standard lays down general principles of accounting for depreciation applicable for all entities.

03/04/2015

The Institute of Chartered Accountants of India released an FAQ on the CSR spend by companies as mandated by the Companies Act, 2013. The FAQs were approved by the Corporate Laws & Corporate Governance Committee of the ICAI and are intended to give clarifications regarding the treatment of CSR spending and act as a guidance to companies.


For more information follow the link below:
http://220.227.161.86/36523clcgc25905.pdf