DIPP’s major impetus towards ease of doing business in India

The Department of Industrial Policy and Promotion (“DIPP”) has vide Press Note No. 1 - 2018 Series (“Press Note 1”) sought to review the extant Foreign Direct Investment (“FDI”) policy on various sectors and has sought to incorporate several amendments to the Consolidated FDI Policy Circular of 2017 as amended from time to time (“FDI Policy”). These amendments will come into effect from the date they have been notified under the … Continue reading DIPP’s major impetus towards ease of doing business in India

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One person company

First published on Lawyered.in Introduction One Person Company (“OPC”) has been conceptualized by the Ministry of Corporate Affairs (“MCA”) to help fill-in the gap between a proprietorship and a private company set-up and was introduced in India through the Companies Act, 2013 (“Act”). This type of entity encourages an individual to start his own business, … Continue reading One person company

UPDATE: Companies (Incorporation) Amendment Rules, 2017

The Central Government has a few days ago made amendments to the Companies (Incorporation) Rules, 2014, by substituting the extant Rule with the following text in Rule 18: “The Certificate of Incorporation shall be issued by the Registrar in Form No.INC-11 and the Certificate of Incorporation shall mention permanent account number of the company where if it is … Continue reading UPDATE: Companies (Incorporation) Amendment Rules, 2017

Promotion of MSMEs and ease of doing business in India (Part 2)

Further to our Part I, this Part seeks to outline the various fiscal and supportive measures and schemes to unshackle Indian MSMEs from the rigours of the `Inspector Raj' and to promote ease of doing business in the MSME sector by the Government of India. MSME package announced by the Prime Minister in his speech on … Continue reading Promotion of MSMEs and ease of doing business in India (Part 2)

Promotion of MSMEs and ease of doing business in India (Part I1)

With their ability to exploit new technologies and to innovate in response to changing market needs, micro, small and medium enterprises (“MSMEs”) contribute tremendously to the socio-economic development of the country. MSMEs produce and export a diverse range of products and services to meet the needs of the local and global markets and value chains. … Continue reading Promotion of MSMEs and ease of doing business in India (Part I1)