[The following post is contributed by Esha Chakraborty of Vinod Kothari & Co. She can be contacted at [email protected]] The financial year (F.Y.) 2014-15 seems overwhelming for India Inc. as it faces the daunting task of meeting regulatory time-lines on the implementation of several new provisions introduced under the Companies Act, 2013 (the ‘Act, 2013’). The requirement of ‘Uniform...
Update: Relaxation of FDI Norms for Construction Development Sector
[The following post is contributed by Bhushan Shah at Mansukhlal Hiralal & Company, Mumbai] The Union Cabinet on 29 October 2014 decided to amend the Foreign Direct Investment (FDI) policy in the construction sector, i.e. townships, housing and built-up infrastructure. The press release is available here. The key amendments are as follows: Minimum area to be developed: (a) The minimum built...
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