Tag Archives: Sandeep Jhunjhunwala

CBDT allows AMCs to directly manage offshore funds out of India – Sandeep Jhunjhunwala

Asset management companies (AMCs) can now graduate from being mere ‘advisors’ to offshore funds to becoming a direct, “full-fledged manager” of such funds out of India. This comes after the Central Board of Direct Taxes (CBDT) removed a taxation related constraint that prevented Indian AMCs from taking up direct fund management activity for the offshore funds.

Sandeep Jhunjhunwala, Director shares his views on aformentioned story for Hindu Business Line- First page story.

cbdt-allows-amcs-to-directly-manage-offshore-funds-out-of-india

I-T dept proposes new norms for taxing MNCs in India – Sandeep Jhunjhunwala

The income tax department Thursday proposed change in the methodology for taxing multinational companies, including digital firms, having permanent establishment in India by giving weightage to factors like domestic sales, employee strength, assets and user base.

Sandeep Jhunjhunwala, Director shares his views on aforementioned story for following publications:

TOI
Indian Express
Business Standard- Standalone story
Hindu Business Line
Bloomberg BNA- Standalone story
PTI

(PTI news has been picked up by 382 publications including Economic Times, Moneycontrol.com, Business Today, Zee Business, BTVs , Times Now etc.)

I-T dept proposes new norms for taxing MNCs in India – Sandeep Jhunjhunwala

Shell companies: Govt formulates new rules to weed out firms – Sandeep Jhunjhunwala

The Ministry of Corporate Affairs (MCA) has made it obligatory for companies incorporated before December 2017 to file a new form to disclose their particulars, including a fully functional registered office. Analysts said the new rule (25A) will not only strengthen corporate governance, but will also help weed out shell companies.

Sandeep Jhunjhunwala, Director shares his views on aforementioned story for Financial Express.

Govt formulates new rules to weed out firms

MCA seeks more details from companies to put a check on shell firms – Sandeep Jhunjhunwala

Every company incorporated till December 31, 2017, has to disclose its particulars and registered office in a new return, a move aimed at tightening the noose around shell firms. As part of its efforts to curb shell companies, suspected to be used as conduits for illicit fund flows, the Ministry has notified a new electronic form ACTIVE-1 (Active Company Tagging Identities and Verification).

Sandeep Jhunjhunwala, Director shares his views on aforementioned story for following publications:

Business Standard
PTI

(This news has been picked up 8 other news publication including Times of India, Financial Express, Hindu Business Line, CNBC TV 18, the week etc.)
mca-seeks-more-details-from-companies-to-put-a-check-on-shell-firms