NDM Advisors LLP

Regarding the reporting changes in SBOs, it has been made clear that even the change in the particulars of existing SBOs is to be reported. In view of the additional details to be reported by the companies in order to comply with MCA rules and regulations related to SBO, corporate entities should carefully review the changes and do the necessary planning to comply with the reporting norms. A relevant MCA notification has been appended along with this email for your reference. In case you wish to connect with our experts, please drop a line at communications@ndm.net.in

Being the first full Budget of Modi 3 Government, the Budget Proposals have focused on balancing the challenges faced by the Government namely employment, regulatory ease, dispute resolution, rationalisation measures and ease of doing business. Attached is NDM brief of the Budget Proposals. If you wish to connect with our experts, please drop a line at communications@ndm.net.in. ndm.net.in #budget #alert #employment #directtax #indirecttax #gst #compliances #incometax

NDM Advisors LLP is delighted to announce that we supported FastBeetle in closing a USD 5 Mn Series B round.   Founded in 2019, #Fastbeetle is a Jammu and Kashmir based tech start-up focused on last mile logistics solutions in the State. Fastbeetle is also the first start-up from Kashmir to obtain funding from Shark Tank India (Season 2).   The round was led by Jaipur based angel investor KM Trans Group and also saw participation from Nepra Group and Vikram Sanghvi. NDM Advisors LLP led the round from investee’s side and provided key regulatory, legal and negotiation support to ensure a smooth and compliant fundraising process. https://lnkd.in/gSHpd6Se https://lnkd.in/gxjDsxyE https://lnkd.in/gz9HEev2 #FundRaising #AngelInvestors #InvestIndia #MakeinIndia

Organisations engaged in imports and exports of goods are often posed with unique challenges of tackling the compliance burden pertaining to customs, shipment tracking against payable / receivable (under FEMA laws), obtaining SVB for related party transactions etc. We ensure seamless Customs compliances with respect to your import and export functions. You can rely on NDM as trusted partner who understands the customs related complexities of your supply chain and local regulations. https://lnkd.in/gHJbUkhP In case of queries, drop us a line on communications@ndm.net.in #LegalInsights #customlawncare #CustomerService #customlaw #LawTalk #legalmatters #CourtroomChronicles #legalnews #legalupdatesindia #ndmadvisorsllp

NDM Regulatory Alert | RBI Notification Regarding Amendments to Foreign Exchange Management Regulations for direct listing by Indian Company on International exchange. We wish to inform you regarding the recent notification issued by the Reserve Bank of India (RBI) regarding amendments to the Foreign Exchange Management Regulations. In exercise of the powers conferred by Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and consequent to the Foreign Exchange Management (Non-Debt Instrument) Rules, 2019, the Reserve Bank of India has made amendments to the Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) Regulations, 2019. Following are the amendments: 1. Amendment to Regulation 3.1 of the Principal Regulations : In Regulation 3.1 of the Principal Regulations, after Sl no. IX, the following shall be inserted for Purchase or Subscription of Equity Shares of Companies Incorporated in India on International Exchanges Scheme by Permissible Holder  namely: A. Mode of Payment: The proceeds of purchase / subscription of equity shares of an Indian company listed on an International Exchange shall either be remitted to a bank account in India or deposited in a foreign currency account of the Indian company. As inward remittance from abroad through banking channels.  B. Remittance of sale proceeds The sale proceeds (net of taxes) of the equity shares may be remitted outside India or may be credited to the bank account of the permissible holder maintained in accordance with the Foreign Exchange Management (Deposit) Regulations, 2016. 2. Amendment to Regulation 4 of the Principal Regulations In sub-regulation (8) of Regulation 4 of the Principal Regulations, the existing provision shall be substituted by the following, namely: (i) The Authorised Dealer Category I banks shall report to the Reserve Bank in Form LEC (FII) the purchase / transfer of equity instruments by FPIs on the stock exchanges in India; (ii) The Investee Indian company through an Authorised Dealer Category I bank shall report to the Reserve Bank in Form LEC (FII) the purchase/subscription of equity shares (where such purchase / subscription is classified as Foreign Portfolio Investment under the rules) by permissible holder, other than transfers between permissible holders, on an International Exchange.” NDM Comments: In wake of the above amendments, it is imperative for the Indian Companies listed on exchange(s) outside India to undertake an assessment of the amendment and ensure that they are in compliance with the regulations. Further, AD bankers in India shall also be required to undertake the compliances as prescribed under the amendment.   #RBIRegulations #ForeignExchange #DirectListing #IndianCompanies #InternationalExchange #CapitalMarkets #RegulatoryUpdate #FinancialNews #RBIAlert #MarketAccess #ndmadvisorsllp

NDM WEEKEND READ! Unlocking Growth: The Power of Foreign Investment in Start-Ups #CrossBorderInvestment #InternationalCapital #GlobalStartups #VentureCapital #InvestmentOpportunities #StartupEcosystem #InnovationExchange #GlobalInvestors #EmergingMarkets #EntrepreneurialJourney #InvestmentStrategies #DiversifyPortfolios

Foreign Investment has always been a crucial variable in the development equation of India. It has offered an opportunity for India’s integration into global capital market, world-class technology, human capital development and revenues for India Inc. However, Indian government has made sure that the investment does not result into fire-sale of controlling power of India Inc at hands of neighbouring countries. In this Article, we deliberate upon the measures put in place by the Ministry of Corporate Affairs to safeguard interests of Indian companies from aggressive takeover bids from neighbouring countries. https://lnkd.in/dFrMjZ8n #foreigninvestmentindia #globalinvestment #InvestmentProtection #StrategicInvestments #MinistryofCorporateAffairs #regulatorymeasur #StrategicInvestments

While, strategic philanthropy can never really be extracted completely from the corporate charity, the recent socio-economic developments in India have seen a marked change in the way regulators look at the philanthropic institutions in India. Indian regulators have adopted a rather stringent approach towards the approvals and statutory compliances of charitable institutions. In the decisions of New Noble Educational Society Vs. CCIT-1 (Civil Appeal 3795 of 2014) and Ahmedabad Urban Development Authority (Civil Appeal 21762 of 2017), the Honourable Supreme Court of India has adjudicated upon the issue related to allowability of exemptions to the charitable institutions considering the pre-requisite conditions for allowability of such approvals. In this article, we present before you a brief upon the decision of Honorable Supreme Court of India in case of New Noble Educational Society and Ahmedabad Urban Development Authority. https://lnkd.in/gQHt6Btc #Philanthropy #India #supremecourtofindia

#NDMWEEKENDREAD! Understanding EPCG: A Boon for Exporters The Export Promotion Capital Goods (EPCG) scheme might just be the solution export houses need. Tailored to incentivize Indian exporters, EPCG offers a plethora of benefits that can save substantial costs and propel your business to new heights while competing in the international markets. EPCG is a government scheme introduced by the Ministry of Commerce and Industry, India, aimed at promoting exports by enabling domestic manufacturers to import capital goods for pre-production, production, and post-production at zero or concessional duty rates. The scheme encourages the modernization and technological upgradation of Indian export units, thereby enhancing their competitiveness in the global arena. EPCG is a government scheme introduced by the Ministry of Commerce and Industry, India, aimed at promoting exports by enabling domestic manufacturers to import capital goods for pre-production, production, and post-production at zero or concessional duty rates. The scheme encourages the modernization and technological upgradation of Indian export units, thereby enhancing their competitiveness in the global arena. In conclusion, the EPCG scheme serves as a vital tool for Indian exporters seeking to expand their global footprint and enhance their competitiveness. By providing duty concessions on capital goods imports, fostering technology upgradation, and encouraging exports, EPCG empowers businesses to thrive in the international market. Leveraging the benefits of this scheme can unlock new growth opportunities and propel your export business to greater success. If you're an exporter looking to scale new heights, EPCG could be the catalyst you need. #EPCG #ExportPromotion #IndianExports #TradeIncentives #Exporters #GlobalBusiness #TradePolicies #ndmadvisrsllp #ndmweekendread

Happy Earth Day from NDM Advisors LLP! Let's collaborate to cultivate a greener future together. #earthday #ndmadvisorsllp #gogreen #peace #planetearth