Acquisition and sale of Immovable property in India by NRI,PIO,foreigners The Foreign Exchange Management Act, 1999 (FEMA) came into force with effect from June 1, 2000. With the introduction of the new Act in place of FERA, certain structural changes were brought in. The Act consolidates and amends the law relating to foreign exchange to… Continue reading Acquisition and sale of Immovable property in India
TAXATION SYSTEM IN INDIA India has a well-developed tax structure with clearly demarcated authority between Central and State Governments and local bodies. Central Government levies taxes on income (except tax on agricultural income, which the State Governments can levy), customs duties, central excise and service tax. Value Added Tax (VAT), (Sales tax in States where… Continue reading Taxation System in India
SETTING UP A JOINT VENTURE IN INDIA India is witnessing a revolution both in the context of liberalization and globalization of the Indian economy and transacting business through Joint ventures set up with foreign partners across various industry sectors. This article sets forth some important steps for forming a Joint Venture Company in India. 1.… Continue reading Setting Up a Joint Venture In India
POLICY ON FOREIGN DIRECT INVESTMENT IN INDIA 1. Procedure under automatic route 2. Procedure under Government Approval 3. Prohibited Sectors 4. General permission of RBI under FEMA 5. Industrial Licensing 6. Procedure for obtaining an industrial license 7. Small Scale Sector 8. Locational restrictions 9. Environmental Clearances India has among the most liberal and transparent… Continue reading Policy On Foreign Direct Investment
PATENTS AND PRIOR ART SEARCH In most patent laws, prior art or state of the art (the latter term sometimes has other meanings as well) is all information that has been made available to the public in any form before a given date. If an invention has been described in prior art, a patent on… Continue reading Patent and Prior art search In India
TRADEMARK REGISTRATION IN INDIA TRADE MARK PROTECTION: The Trademarks Act, 1999 provides protection to the owner of a trademark and imposes criminal liabilities for the infringement of the trademark owner’s rights. To enjoy protection, the owner of a trademark must apply for registration with the Trademark Registrar of the Registry of Trademarks, India. The Trademarks… Continue reading Trade Mark Registration In India
FOREIGN EXCHANGE REGULATIONS IN INDIA India has liberalized its foreign exchange controls. Rupee is freely convertible on current account. Rupee is also almost fully convertible on capital account for non-residents. Profits earned, dividends and proceeds out of the sale of investments are fully repatriable for FDI. There are restrictions on capital account for resident Indians… Continue reading Foreign Exchange Regulations in India
DIVORCE IN INDIA The Law Most significant made use of have their own laws and regulations which usually control divorces within their own neighborhood, and also separate rules are present concerning breakup inside interfaith partnerships. Hindus, which includes Buddhists, Sikhs and also Jains, tend to be ruled by the Hindu Marital life Take action, 1955;… Continue reading Divorce in India
INCORPORATION OF BUSINESS ENTITY IN INDIA A foreign company planning to set up business operations in India has the following options to set up a business entity:- 1. As an incorporated entity under the Companies Act 1956 through JVs or wholly owned subsidiaries 2. As an unincorporated entity through liaison office/representative office or project office… Continue reading Incorporation of Business Entities In India
THE COMMUNITY TRADE MARK REGISTRATION The Community Trademark was established by the European Council Directive No. 4094 of December 20, 1993. It has been possible since 1 April 1996 to file an application for a Community Trade Mark registration (“CTM”). As the name suggests, a CTM, if granted, covers all countries within the European Union… Continue reading Community Trade Mark Registration