InCorp Global 
Singapore, 8 Feb 2024 – InCorp Global (“InCorp”), a leading provider of corporate solutions and business advisory in the Asia Pacific (APAC) region, today announced its acquisition by Hillhouse Investment (“Hillhouse”), a global alternative investment firm. This strategic move will enable InCorp to further accelerate growth, expand service capabilities and capitalise on new acquisition opportunities in both APAC […]
If you are a stakeholder of a Company contemplating liquidation, it is important to understand the company liquidation process in India under IBC. What Is Company Liquidation? Company Liquidation is a process rather than a term. Liquidation is the procedure under which a company is wound up. Company Liquidation under IBC may be 1. Voluntary (where the […]
Prozeal Infra, one of India’s fastest growing Solar EPC companies, has an orderbook of over INR 1,000 crore ($120 Million), and expects FY25 revenue to surpass INR 1,500 crore ($187.5 Million) 04th April 2023, Ahmedabad (India): Prozeal Infra Engineering Pvt. Ltd. has announced their first round of funding led by Chandrakant Gogri’s family office arm – […]
The Central Board of Direct Taxes (CBDT) vide notification no 61/2023/F. No. 370142/28/2023-TPL dated August 16, 2021, has notified Rule 11UACA of Income-tax Rules 1962 (the Rules) for computation of Income chargeable under Income from Other Sources per section 56(2)(xiii) of the Income-tax Act 1961 (the Act). Background Finance Act 2023 inserted section 56(2)(xiii) of […]
The Reverse Charge Mechanism (RCM) is a system of taxation where the liability to pay tax is shifted from the supplier of goods or services to the recipient of such goods or services. In a regular taxation system, the supplier is responsible for collecting and remitting the tax to the government. However, under RCM, the […]
With the rise of globalization and the growing importance of international finance, setting up a business in a well-established and business-friendly environment has become crucial. The Gujarat International Finance Tec-City (GIFT City), located in Gujarat, India, has emerged as a prime destination for businesses looking to tap into the country’s financial markets. In order to […]
The Government of India (GoI) had launched India’s first International Financial Service Centre (IFSC) in Gujarat at GIFT City in April 2015. With the launch of the IFSC at GIFT City, the GoI had taken the first step to bring financial services transactions which are relatable to India, back to India. International Financial Services Centre […]
Leasehold rights on land play a crucial role in various real estate transactions and business operations. Many units are set up on leasehold land provided by state industrial development corporation. What Is Assignment Of Leasehold Rights? The assignment of leasehold rights on land refers to the transfer of the leasehold interest or rights from one […]
Insurance intermediaries, including agents, brokers, and other entities, facilitate the insurance process between insurers and customers. In GIFT City IFSC (International Financial Services Centre), these intermediaries are regulated by the International Financial Services Centre Authorities (IFSCA) and adhere to stringent guidelines to ensure customer transparency, safety, and security. This article will delve into the significance […]
Mergers and amalgamations are popular corporate restructuring strategies that companies use to achieve their business goals by combining their resources, operations, and assets to form a larger organization. These mergers can occur through friendly negotiations or hostile takeovers. The fast-track merger is one type of merger that involves a streamlined process that is faster than […]
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