What is it?The Startup India Seed Fund Scheme (SISFS) is a sector agnostic INR 945 Crore startup fund, set up by the Government of India, with the...
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Spending of corporate social responsibility funds
Spending of CSR funds for COVID-19 is an eligible CSR activityThe Ministry of Corporate Affairs (“MCA”) issued a clarification on spending...
SEBI tightens Related Party Transactions (RPT) norms
The Securities and Exchange Board of India (SEBI) has recently notified the SEBI (Listing Obligations and Disclosure Requirements) (Sixth Amendment)...
Increased FDI cap for foreign direct investment in the insurance sector
The Ministry of Finance vide its notification S.O. 3411(E) dated August 19, 2021 issued the Foreign Exchange Management (Non-debt Instruments)...
Determination of nature of services between a subsidiary and its overseas parent company through recent case law
On October 8, 2021, the Customs, Excise and Services Tax Appellate Tribunal(“CESTAT”), in the case of CHF Industries India Private Limited v....
Ministry widens list of eligible CSR activities related to COVID-19
The Ministry of Corporate Affairs ("MCA") issued a clarification on spending of Corporate Social Responsibility ("CSR") funds on May 05, 2021. While...