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Key Legal Developments of 2018 in India

This article is a summary of the key legal developments in the last 12 months, covers some of the major legal changes brought in 2018. The changes are vast & therefore, we focus on some of the key changes, which broadly impact the corporates for their “Way of Doing Business” in India which dominated the headlines and we can expect 2019 to continue in the same way. It’s important for any business owner to be aware of the changes affecting their business & put in place suitable safeguards. Failing to be prepared is often costly in terms of money, resource & time. Sector Update Investment in India
1.Single Master Form:On June 7, 2018, the Reserve Bank of India (the "RBI") issued a circular RBI/2017-18/194 A.P. (DIR Series) Circular No. 30 (the "Circular"), introducing a single master form (the "SMF") to integrate the existing reporting norms for various types of foreign investment in India with an objective- To subsume all foreign invest…
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