Doing business in India
One of the major pieces of legislation being enacted in India is the Companies Bill 2012 that replaces the Companies Act of 1956. The new company law will govern the manner in which companies are incorporated, managed and controlled and has far reaching implications for industry. The market regulator, Securities and Exchange Board of India (SEBI) is also considering regulations for listed companies on management and governance, reporting and disclosures, buy back, stock options and insider trading to align with the Companies Bill; changes are also proposed to competition law and all of these will have a direct impact on foreign investment.
International & Income Tax
As per the Union Budget 2013-14 presented by Indian Finance Minister on 28th February 2013 GAAR has been deferred till 2016, investment allowance will be provided for investments in plant & machinery and taxation of dividends is set to be rationalized.
To discuss the above and other significant changes implemented in India in the recent times and those in the pipeline, a seminar is being organised in Frankfurt on 11th April, 2013 along with Salans (Dentons). Mr. V. Lakshmikumaran, Managing Partner, Lakshmikumaran & Sridharan, India, Ms. Vijaya Sampath, Senior Partner & Country Head, Corporate Practice, Lakshmikumaran & Sridharan, India and Ms. Sandra Hazan, Partner & Head - Global Tax Practice Group, Salans, France will speak.