“In the case of sponsor contributions to AIF in IFSC, the regulations specify only the minimum contribution and there is no cap on the maximum contribution. If the provision of investment through automatic route apply only for the minimum contribution or...
GIFT City is set to put India on the global financial map In the backdrop of the country’s rapid financial growth and robust projections, the GIFT City financial and technology gateway assumes great significance. Formed by Gujarat International Finance Tec-City...
India has witnessed a manifold increase in both the number and the wealth of High Net-Worth Individuals (HNIs). Forbes’ rich list for India of March 2020 named 102 billionaires—individuals or families with a combined wealth of more than $300 billion....
The government is considering bringing public sector banks (PSBs) under the Companies Act to enable the privatisation of two state-owned banks, as announced in the Budget.
Divakar Vijayasarathy Founder and Managing Partner of DVS Advisors LLP's office is about 10 minutes drive from home and usually drives with his chauffer.
Reserve Bank of India (RBI) has kept the policy rate unchanged at 4 per cent and voted unanimously to maintain the status quo with an accommodative stance. The reverse repo rate remained unchanged at 3.5 per cent, and the marginal...
"As expected the MPC has retained the policy rates and stance. Given the inflation being within the acceptable range and considering the policy support required, this decision of the MPC provides relief. The retention of the growth estimates at 10.5%...
"The meeting of the Monetary Policy Committee in April is the first meeting after the decision to retain the inflation target. Though the Consumer Price Index of February has increased to a level more than 5%, it is still within...
"The amendment increasing the tax free interest on PF contribution of upto Rs. 5 lakh would provide some respite to the large tax payers. However, this has come with a rider wherein the increased limit is applicable only in cases...
According to Divakar Vijayasarathy, Founder & Managing Partner at DVS Advisors LLP, “Consequent to above amendments, additional details regarding applicability of Section 43 CA and 56(2)(x) have been provided in the revised audit report while disclosing sale of property under...
No 3, Apex Plaza, 6th Floor,
Nungambakam High Road,
Nungambakkam,Chennai – 600034
