• Interim Budget - 2019

    Gaurav Shanker    |   

    Union Budget is the most comprehensive report of the government's finances in which revenues from all sources and outlays for all activities are consolidated. The interim budget was presented on February 1, 2019, by the Government of India in the Parliament. While, you would have read a number of articles on the tax implication of this interim budget, we would wish to highlight certain important proposed amendment and the implication that will have on corporate acquisitions, employment in India, micro, small and medium enterprises and entertainment industry going forward.

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  • A Glossary Of Essential Corporate Legal Terms

    Gaurav Shanker    |   

    A Glossary Of Essential Corporate Legal Terms-Gaurav Shanker.jpg

    Every industry has its own language and terms. These words and phrases can be confusing to anyone who is not part of the daily operations of a specific industry, and corporate law is no exception. To help you understand the terms, acronyms, and phrases regularly used when dealing with corporate law, Business Law Chamber has created this handy reference guide. Here you’ll find valuable information allowing you to comprehend the various terms used and help you communicate with your lawyers and business partners more effectively.

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  • OVERSEAS DIRECT INVESTMENT

    Gaurav Shanker And Anshika Agarwal    |   

    The Foreign Exchange Management Act (FEMA) regulates overseas investments by Indian resident individuals.

    A resident individual (single or in association with another resident individual or with an ‘Indian Party’) may make Overseas Direct Investment (ODI) in the equity shares and compulsorily convertible preference shares of a Joint Venture (JV) or Wholly Owned Subsidiary (WOS) outside India under the Liberalized Remittance Scheme (LRS).

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  • Frequently Asked Questions About Business Law Chamber

    Gaurav Shanker    |   

    FAQs-About-Business-Law-Chamber-Gaurav Shanker.jpg

    Doing business in other county is never as straightforward as it seems. The complexity of the law and the nuances of business in a new land make for trying times among entrepreneurs

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  • Impact of Artificial Intelligence on the Legal Sector

    Gaurav Shanker    |   

    Impact of Artificial Intelligence on the Legal Sector

    The term “artificial intelligence” has been gaining much popularity in the recent era of automation and technological advancement. Artificial intelligence is basically an intelligence displayed by machines in contrast with the natural intelligence displayed by humans and other humans.

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  • Owner Spotlight: Gaurav Shanker

    Gaurav Shanker    |   

    Owner Spotlight: Gaurav Shanker

    After spending about years working in India's top law firm, I took the plunge to start my own law firm and founded Business Law Chamber (BLC) in 2012. The vision was to fill the gap left by tier-1 law firms and smaller law firms, which lacked the quality that big law firms bring to the table.

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  • Hospitals beware of the foreign exchange received

    Gaurav Shanker    |   

    With the growing healthcare sector and India being a popular designation for the foreign patients. Some of these foreign patients make payment to Indian hospitals for the medical services in foreign currency.

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  • No RBI approval required post FIPB approval

    Gaurav Shanker    |   

    As per the extant policy, FDI is allowed under the automatic route in most of industries or sectors . FDI under the automatic route does not require prior approval either by the Government of India or the RBI.

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  • Treatment of Preference Shares in your books

    Gaurav Shanker    |   

    There is a constant discussion whether preference shares be considered as an equity or a debt. Therefore, it is important to refer to the applicable accounting standards.

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  • Loan to a Company from a Director

    Gaurav Shanker    |   

    Any receipt of money by way of deposit or loan or in any other form, by a company shall be treated as a ‘deposit’. The definition specifically excludes certain events wherein it shall not constitute a ‘deposit’ under law.

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