LEXSTREET ADVISORS LLP
UNFORGETTABLE PERSONALITY - KASTURBHAI LALBHAI
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I am sharing in brief  about a place and person which nextgen is not aware of and which they must know. Late Shri Kasturbhai Lalbhai , Arvind Ltd & Atul Ltd. Atul Ltd, a lush green industrial township near Valsad is no less than a beautiful hill station & resort. A place where i spent my childhood and school days. A place where i started…
LEXSTREET ADVISORS LLP
RBI DIRECTION ON STATUTORY AUDITORS
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RBI regulations on auditors put banks in a spot After the RBI issued regulations for auditors, several banks and NBFCs have approached big audit firms, seeking clarity on likely implications of a clause that could bar audit firms accused of irregularities from servicing financial institutions. RBI on June 29 came out with a framework for statutory…
LEXSTREET ADVISORS LLP
IMPORT DUTY BY USA GOVT
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Impact of rise in Import duty by Govt.of USA on Indian economy & other countries..... To upgrade USA Economy, Mr. Donald Trump, President of USA, has made historical decision to increase an import duty on aluminium & steel which are used mainly in Space and Automobile industries.  With the implementation of new rates of import duties by…
LEXSTREET ADVISORS LLP
FINANCE MINISTRY MAKING LAW FOR PROMOTING & PROTECTING FOREIGN INVESTMENTS
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India is working on a framework that will provide legal backing for a stable and predictable foreign investment regime in the country as it looks to attract more capital to help create jobs and accelerate economic growth. The law that is in the works in the finance ministry is aimed at promoting and protecting foreign investments. It will spell…
LEXSTREET ADVISORS LLP
AMENDMENTS in Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Act, 2015,
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The Government, on May 3, 2018, promulgated an Ordinance (Ordinance) amending the Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Act, 2015 (Act). These amendments are an attempt to expand the scope of commercial courts in India. They will also contribute towards improving India’s ranking on the ‘ease of doing…
LEXSTREET ADVISORS LLP
A GREAT GENTLEMAN & A GREAT MOTIVATOR
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A great gentleman & a great motivator for every entrepreneur.An interaction with Mr. Arokiaswamy Velumani, Chairman & MD, Thyrocare Technologies Limited at BNI Collosium meet.A thorough gentleman, a great motivator for every entrepreneur. Immediately after his graduation and Doctorate, every employer, during job interviews wherever he appeared,…
LEXSTREET ADVISORS LLP
INSOLVENCY AND BANKRUPTCY CODE, 2016 IS SUPREME
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Insolvency and Bankruptcy Code, 2016 is supreme...... Anant Kajare Vs. Eknath Aher & Anr. (Supreme Court)Battery of lawyers appeared in the high profile alleged ‘Ponzi scheme’ matter. This matter has been travelling to Supreme Court time and again. Previously, SEBI held that the scheme run by Citrus Check inn Limited and Royal Twinkle Star Club…
LEXSTREET ADVISORS LLP
SEBI tightens norms for Chartered accountants, company secretaries, cost accountants
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Chartered accountants, company secretaries, cost accountants and valuers may have to forfeit their fees and face penalties if they are found lacking in their dealings with listed firms, according to a new set of norms being considered by Sebi. The role of auditors and valuers has come under the scanner in a number of high-profile cases recently involving…
LEXSTREET ADVISORS LLP
INDIA'S SMART IPO INVESTORS
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India’s IPO investors grow smart, teach greedy firms a good lessonBy Amit Mudgill, ETMarkets.com|Updated: Mar 30, 2018, 10.51 AM IST
LEXSTREET ADVISORS LLP
FOREIGN EXCHANGE MANAGEMENT ACT, 1999
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Update on Foreign Exchange Management Act, 1999 RBI vide notification No. FEMA 389/2018-RB dated March 20, 2018 has notified Foreign Exchange Management (“Cross Border Merger”) Regulations, 2018 (“RBI Cross Border Merger Regulations”).  This new Regulation will allow Indian companies to merge their foreign businesses with domestic companies. Similarly…
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