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Demystifying the Liberalised Remittance Scheme: Everything You Need to Know

Razorpay

The Liberalised Remittance Scheme (LRS), introduced by the Reserve Bank of India (RBI) in 2004 under the Foreign Exchange Management Act (FEMA) 1999, empowers Indian residents to send up to $ 2,50,000 abroad annually (April to March). PAN Card, bank account, and passport. How many times can I remit using Liberalised Remittance Scheme?

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With the Sunset of Its Dual Class Arriving, Veeva Systems (VEEV) Decides to Embrace Stakeholder Governance and Become a Public Benefit Corporation

Transactional Delights

With the loss of its dual class, VEEV has decided to act proactively by calling a special meeting proposal to adopt an amendment to its Charter to become a Public Benefit Corporation (PBC) [4]. One of the objections to the stakeholder model is that if you are accountable to everyone, you are accountable to no one [8].

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Beyond Borders: A Guide for Navigating the European Regulatory Landscape

Cooley M&A

Accounting for divergent outcomes To navigate the three-dimensional regulatory and multinational web in Europe, dealmakers must develop jurisdiction-specific strategies early in the deal process. 2] See the National Security and Investment Act 2001 Annual Report 2022 – 2023.

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Transfer Traps: Considerations for Dual-Class Companies Contemplating M&A Transactions

Cooley M&A

We also have seen plaintiffs’ firms use voting agreements delivered by high-vote stockholders as a basis for Delaware General Corporation Law (DGCL) 220 books and records demands, which enables the plaintiffs to review the books and records of the subject company in an effort to uncover bases for additional, unrelated claims.

M&A 59
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President Biden’s Fiscal 2024 Proposed Budget Includes Tax Rate Increases, and Several Executive Compensation and Employee Benefits Changes

Cleary M&A and Corporate Governance Watch

IRA and Other Retirement Account Changes President Biden proposed several changes to the rules applicable to individual retirement accounts (“ IRAs ”) and certain other retirement accounts. million : 50% of the excess held in the vested retirement accounts; and For aggregate balances exceeding $20.0