We serve a wide range of clientele, and every client relationship is valued greatly. Each engagement benefits from the depth and breadth of our expertise.
The Partners and members our Firm are senior professionals with years of experience behind them. They bring the highest level of professional service to clients along with the traditions of the profession, integrity and sound ethical practices.
Our team of professionals comprise of Legal Counsels with rich experience in Civil and Criminal Law, Taxation Law, Copy Rights and Intellectual Property law.
We also have on board Chartered Accountants who have specialized in Taxation, Project finance, Share Valuation and Company related work.
Update from Managing Partner
MCA RELAXES NORMS FOR M&A DEALS CLEARANCE BY CCI
In an important development that will impact corporate dealmaking in India, the Ministry of Corporate Affairs has eased the criteria for notifying a transaction to the Competition Commission of India (CCI). These criteria determine if details of a transaction have to be filed with CCI to assess the impact on competition.
The ministry has, via a notification, extended the scope of target exemption to transactions structured as mergers and amalgamations. Under the Competition Act, 2002, transactions where the target enterprise (whose shares, assets, voting rights or control are being acquired) either has Indian assets of less than Rs 350 crore or a turnover in India of less than Rs 1,000 crore do not need CCI approval.
Earlier, only acquisitions qualified for this exemption. The CCI interpreted the ministry’s notification on target exemption to be applicable only to acquisitions and not to mergers/amalgamations. But a merger and amalgamation is also an acquisition as it is an acquisition of control.
The ministry’s notification has also stated that to determine whether a transaction, structured as an asset sale or sale of a division, must be filed with CCI, the value of the assets or turnover of the entity being sold will be considered. Earlier, the value of the assets or turnover of the seller was taken into account to determine notifiability.
GST Registration Deadline Extended Till April 30, 2017
The deadline for Goods and Service Tax (GST) registration has been extended till April 30, 2017.
Enrollments open for existing assessees registered (upto 31 Jan. 2016) under VAT, Service Tax, Excise, etc.; Enrollment for subsequent registrants not yet started; Applicants can now check status of Enrollment/ Registration
03 April 2017
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