Monthly Archives: July 2016

Association or body corporate can maintain writ petition: KolHC

The Calcutta High Court recently held that an association or body corporate has a clear right to maintain a writ petition on behalf of its members or shareholders if the cause of action effects them both. The Court clarified that … Continue reading

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Foreign Tax Credit Rules Notified: Govt.

Central Board of Direct Taxes recently amended the Income tax Rules 1962 to provide for a separate segment on Foreign Tax Credit Rules, 2016. The Rules provide clarity on the mechanism of obtaining foreign tax credit in India, of foreign … Continue reading

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Changes made in Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015: RBI

Attention of Authorised Dealers Banks is invited to the Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015, notified vide Notification No. FEMA 10(R)/2015-RB dated January 21, 2016, and A.P (DIR Series) Circular No. 51 … Continue reading

Posted in Administrative Law, Banking Law, Company Law, customs law, FDI, General Law, Income Tax Law, International Law, Notifications/Publications/Circulars, Trade Law | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment