Doing Business in India
During this quarter, we witnessed around 560 deals valued at approximately USD 29.3 billion compared to 690 deals valued at USD 16 billion during the same quarter in 2015, giving a boost to the total deal landscape in this year significantly on account of certain big ticket transactions. M&As have contributed to more than 80% of the total deal landscape in this quarter with major deals taking place in the domestic segment on account of consolidation and synergies of combination.
Demonetisation of currency notes of INR 500 and 1000 has turned out to be an excellent step taken by the Modi government to curb black money in the economy. This surgical strike on black money in India, a largely cash-based economy, was a brilliant move to tackle the menace of black money and has taken the nation by surprise. This article advises non-residential Indians on changing old currency notes.
Enforcing the powers conferred by sub-section (3) of section 1 of the Companies Act, 2013, the Central Government (Ministry of Corporate Affairs) vide commencement notification dated 7 December 2016 has appointed 15 December 2016 as the date on which, inter alia, following provisions of the Companies Act, 2013 shall come into force: Section 48 - Variation of shareholders’ rights; Section 66 - Reduction of share capital...