MCA offers fillip to reverse flipping, clears air on compliance framework 

The Company Affairs Ministry (MCA) has formally opened the doorways for the “reverse flipping” of firms into India by clarifying the compliance necessities that might apply for such buildings going ahead. It has now amended its Firms (Compromises, Preparations and Amalgamations) Modification Guidelines to stipulate that the place a transferor international firm integrated outdoors India … Read more

MCA centralises international cos’ registration course of to facilitate ease of doing biz

The Company Affairs Ministry (MCA) has mandated that each one international firms’ incorporation can be dealt with by the Central Registration Centre (CRC) at New Delhi.   The brand new centralised regime — which was earlier dealt with by Registrar of Firms — will come into impact from September 9.  The most recent transfer, which signifies … Read more

Authorities to have interaction trade leaders in key talks on draft digital competitors invoice 

Trade stakeholders, together with Large Tech, are set to voice their ‘critical issues’ on the Draft Digital Competitors Invoice (DCB) at a MeitY convened assembly right here on Tuesday. This assembly, which was earlier scheduled for June 13 however postponed on the final minute, is anticipated to be chaired by Ministry of Electronics and Data … Read more

40 Indian startups unite to help draft Digital Competitors Invoice

Representing a unified entrance, almost 40 Indian startups have voiced their robust help for the draft Digital Competitors Invoice. This proposed laws, is geared toward curbing anti-competitive practices of huge tech firms. “We see it as a catalyst for making a fairer and extra aggressive digital ecosystem within the nation, one that enables startups to … Read more

Centre implements competitors legislation penalty provision on ‘world turnover’ foundation

Amidst the continuing authorized tussle between tech large Google and home Startups over Play Retailer Billing coverage, the Centre has notified a brand new provision within the not too long ago amended Competitors legislation that will result in the levy of penalty on a “world turnover” foundation for any anti-competitive conduct or abuse of dominant … Read more