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…
Franchising Law in India Introduction There is no specific legislation regulating franchise arrangement in India, reason being the complexity of the relationship and the vast areas of law which such relationship involve. The laws regulating franchising in India includes –law relating to contract, agency, distribution, leasing, assignment, securities, financial investments, intellectual and industrial property, competition,…
Importance of non-disclosure and confidentiality agreement in Employer–Employee Relationship A unique idea or model is crucial for every business to succeed. It is therefore of the utmost importance to protect any confidential information. In order to secure your business secrets and keep them from being disclosed by another party or your employees Non-disclosure Agreements are…
Imposition of Anti-dumping Duty-A Trade Protection Measure Anti-dumping investigations are no longer a strange phenomena for most of the importers, exporters or producers. They are being increasingly subjected to such investigations by the authorities’ concerned. The history of anti-dumping duties dates back to many decades ago, even prior to the General Agreement on Tariffs and…
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…
Incoterms 2000: ICC OFFICIAL RULES FOR THE INTERPRETATION OF TRADE TERMS FOB – Free On Board (… named port of shipment) «Free on Board» means that the seller delivers when the goods pass the ship’s rail at the named port of shipment. This means that the buyer has to bear all costs and risks of…
COMMENTS OF KARNIKA SETH, CYBERLAW EXPERT & CHAIRPERSON, CYBERLAWS CONSULTING CENTRE ON THE AMENDMENTS PROPOSED BY INFORMATION TECHNOLOGY AMENDMENT BILL 2008 The Information Technology Amendment Bill 2008 was passed by the Lok Sabha and the Rajya Sabha in the last week of December 2008 and received the President’s assent on 5th February 2009. The Bill…
LEGAL PROCESS OUTSOURCING Why outsource? The legal industry across the globe is gradually turning towards outsourcing for gaining efficiencies and staying profitable in a highly competitive marketplace. Recognition of the fact that legal companies need to focus on their core competencies and leave back office processes to the hands of competent outsourcers is creating a…
LEGAL REVIEW FOR PROPERTY PURCHASE TRANSACTIONS When buying a new Property, legal due diligence is essential to avoid getting entangled in legal issues later. Here are some of the precautions you can take before finalising a property deal. Check the title of the property- The title of the property forms the foundation of any contract.…
INDIA AND ITS LEGAL SYSTEM The main source of law in India is the Constitution which, in turn, gives due recognition to statutes, case law and customary law consistent with its dispensations. Statutes are enacted by Parliament, State Legislatures and Union Territory Legislatures. There is also a vast body of laws known as subordinate legislation…