Applicability of 20% tax withholding rate to a non-resident under tax treaty scenario?

It is a settled tax principle under the provisions of the Indian Tax Law (ITL) that a non-resident can opt to apply for the provisions of the Double Taxation Avoidance Agreement (tax treaty) or of the ITL, whichever is more beneficial. A tax treaty is an agreement between India and other countries with respect to … More Applicability of 20% tax withholding rate to a non-resident under tax treaty scenario?

SEBI facilitating delisting and M&As can be catalyst for doing business in India

Recently, the Securities Exchange Board of India (SEBI), the Indian capital market regulator, made overhauling amendments to the SEBI (Delisting of Equity Shares) Regulation, 2009 (Delisting Regulations) to ease the delisting process. Furthermore, certain amendments were made to SEBI (Substantial Acquisition of Shares and Takeover) Regulation, 2011 (Takeover Regulations) and SEBI (Buy Back of Securities) … More SEBI facilitating delisting and M&As can be catalyst for doing business in India

New Cos Act – facilitating M&A or holding it back?

After several unsuccessful attempts to revise the Companies Act 1956 (Old Act) the task of enacting a new statute to regulate corporate entities in India has eventually been completed. The Companies Act, 2013, (New Act) in its revamped avatar, brings in a fresh set of changes to the existing regime governing Indian company law, with … More New Cos Act – facilitating M&A or holding it back?