• Consul India Hosts India’s First SAP HANA Implementation on Netmagic's Data Center
  Consul India Hosts India's First SAP HANA Implementation on Netmagic's Data Center to enjoy standardize business applications and infrastructure along with a fully resilient IT setup.
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• India Enacts Further Sections of the Companies Act, 2013
  With reference to the effectiveness of India?s new Companies Act, 2013, the Ministry of Corporate Affairs (MCA) has further notified 183 sections and schedules. The newly notified sections have come into effect 1 April 2014.
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• India Issues Draft Safe Harbour Rules on Transfer Pricing
  On 14th August, the Indian Government has issued draft provisions on safe harbour regulations, inviting comments from the public. The same will be accepted until August 26, 2013.
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• India likely to Permit Foreign Universities to function as “Non-profit companies”
  Foreign universities will be soon allowed to establish campuses in India. A proposal before the Department of Industrial Policy (DIP) and Promotion and the Department of Economic Affairs (PDEA) awaits approval.
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• Indian Government Enacts New Company Law
  On August 29, 2013, the government of India has enacted a new company law which is likely to take effect in early 2014. The historic company law replaces the old Companies Act, 1956, that governed companies in India for nearly 60 years, says Nair & Co.’s International Expansion Team.
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