Major Takeaways: Minimum Investment Rs 4150 Cr required with no cap on maximum Investment. 3 years timeline for setting up manufacturing facilities in India, and start commercial production of EVs. 50% domestic value addition to be reached within 5 years at the maximum. Companies setting up manufacturing facilities for EVs to be allowed limited imports

India and European Free Trade Association (EFTA), an Association comprising of  Switzerland, Iceland, Norway & Liechtenstein entered into a Trade and Economic Partnership Agreement (TEPA)  on 10th March 2024. There is a  binding commitment of $100 bn investment  and 1 million direct jobs in the next 15 years is the major highlight of this FTA.  The

Appointment of Authorised officer with respect of Beneficial Interest/ Company Secretary/MD/Manager or Director as Authorised Officer Pursuant to the Companies (Management and Administration) Second Amendment Rules, 2023, the ministry of corporate affairs inserted one sub-rule 4 to Rule 9 of the Rules and made it mandatory for designate  a person  as “authorized officer with respect

Filing of SBO details with Registrar of Companies by LLP’s in Form LLP BEN-2 and the time limit thereof.  The Ministry of Corporate Affairs has notified Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023 vide G.S.R. No. 832(E) dated 09.11.2023 and prescribed E-form LLP BEN-2 and thereby all the LLP’s having non-Individual shareholders satisfying the