Suraj Nangia, Partner and Sandeep Jhunjhunwala, Partner write an piece on Permanent work from home: Need for regulatory blessings for The daily Guardian. Attached is link to the article Permanent work from home: Need for regulatory blessings
Read MoreRestriction on Number of Layers of Subsidiaries under Companies Act, 2013
In order to check misuse of multiple layers of subsidiaries for diversion of funds and siphoning off funds, the Companies Act, 2013 (2013 Act): a) Prohibits prescribed holding companies from having layers of subsidiaries beyond prescribed numbers b) Requires that no investments can be made through more than two layers of investment companies. These provisions were sought to be omitted from the 2013 Act on the recommendation of the Companies…
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