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n a constant endeavor to help in the process of liberating the Indian economy and preparing the economy to face the brunt of economic downturn, the Reserve Bank of India (“RBI“) has been issuing a series of circulars and notifications from time to time.

The recent Satyam saga, where the promoter chairman of the company admitted to manipulation of accounts, inflating sales and profit and cash balances, has triggered an enormous debate in corporate India about the significance of corporate governance. The value involved in the Satyam debacle is...

The Indian banking system has come a long way from archetypal commerce establishment to a highly proactive and dynamic entity. This transformation is the consequence of liberalization and economic reforms that allowed banks to explore new business opportunities rather than generating revenues from conventional streams...

The Industrial Disputes Act, 1947 (the “Act”) governs the various provisions pertaining to lay-off of workmen. The scope of this Act is to achieve harmony between employers and workmen and promote economic and social justice, thereby, classifying the Act as a welfare legislation.

In the course of entering a country for conducting business, a foremost consideration is the potential tax implication. Corporations are generally averse to pay in multiple jurisdictions. As a consequence, tax planning governs entry strategies.