Press Releases from Nair & Co (5 total)
Nair & Co. Appoints Former Ambassador Sir Alan Collins as its Non-Executive Chai …
(Sunnyvale, CA) – Nair & Co., the leader in international business expansionservices, has appointed Sir Alan Collins KCVO CMG as its non-executive Chairman, the company announced today.
Sir Alan, a former senior British diplomat and long standing champion of international business has also just been appointed as the Director General/Chief Executive of the Commonwealth Business Council (CBC). Previously, he has served as Britain’s Ambassador to the Philippines and as High Commissioner…
Industry Cheers Vodafone Win against a $2.2 billion tax bill
(Sunnyvale, CA)- India's Supreme Court on Friday ruled in favor of Vodafone Group’s appeal against a $2.2 billion tax bill on its purchase of a 67% stake in India's Hutchison Essar Ltd.
The verdict gives much-needed clarity to foreign businesses that have been edgy about India’s tax regime, but the Indian government could speed up introduction of legislation to negate the impact of this decision on future deals.
The Supreme Court ruled…
Brazil: Companies with Foreign Capital to Submit Declaration with Central Bank b …
(Sunnyvale,CA) - Brazilian companies, which have direct participation of non-residents in their capital stock as on December 31, 2010, are now required to provide a declaration to the Central Bank of Brazil by November 1, 2011. The declaration should contain certain financial and other related details of the company.
Brazilian companies that debtors of credit granted non-residents with an outstanding balance of US $ 1,000,000 or higher, as on December 31,…
Netherlands : Employees of Foreign Companies to Pay Lesser Income Taxes
(Sunnyvale, CA)- Expatriate employees in Netherlands, working on a temporary basis can avail of “the 30% ruling regime,” resulting in a 30% tax free employment income in hand. This provision was introduced by the Dutch Government to compensate them for specific expatriate costs.
The State Secretary for Finance recently announced that changes would be made to the aforesaid 30% ruling regime. The changes are expected to be effective from 2012.
The current…
India Company Law: New scheme pardons submission delays
(Sunnyvale, CA) – The Indian Ministry of Corporate Affairs has introduced a scheme which allows defaulting companies a chance to rectify non-compliances related to timely submission of documents (specifically balance sheets and annual returns) with the Registrar of Companies (ROC).
The scheme titled Company Law Settlement Scheme 2011, condones delay in filing of documents with the ROC and grants immunity from prosecution.
The scheme entails charging an additional fee of 25%…
