KIC hosts Korea–India Financiers' Night in Mumbai
KIC's Mumbai office and the Korean consulate held the event on 21 October as the 4th Mumbai International Financial Council, with about 80 Korean, Indian and global finance people.
Read source →India entity setup news
Company law, FDI and tax changes plus Korean companies' Indian entities, summarised. Tap a title for the summary.
RBI tightens scrutiny of large outbound investment
RBI sent banks an ODI due-diligence checklist so they weigh recovery paths and existing debt for large overseas investments, seen as a move to defend the rupee, down over 5% this year.
Read source →No extension for FY 2025-26 annual filings
ICSI asked for an extension to 31 December, but MCA issued none. AOC-4 is due 30 October and MGT-7 on 29 November, with ₹100/day late fees.
Read source →Taeil C&T forms an Indian LLP and partners with four local builders
Korean builder Taeil C&T set up TEAKYUNG INNOVATION LLP in April 2026 and signed with four builders in Delhi and Tamil Nadu to bid jointly on Korean clients' Indian projects.
Read source →Hyundai to set up India investment entity
Hyundai's chairman announced about USD 15.5bn of investment in India by 2032 and a dedicated investment entity.
Read source →Hyundai Capital India launches
The advisory company became a finance company with an RBI NBFC licence, starting with dealer finance.
Read source →Corporate Laws Amendment Bill still pending
The March bill got its joint committee report on 3 August but was not passed by session end on 13 August.
Read source →Tax amendment bill extends exemptions for foreign suppliers to electronics makers
Following a June ordinance, the bill extends exemptions for foreign companies supplying equipment to electronics contract manufacturers to TY 2040-41.
Read source →KDB to open a Mumbai office
KDB's board approved a Mumbai office to lend and guarantee for Korean SMEs in India.
Read source →MCA consults on incorporation rule changes
Draft Companies (Incorporation) Amendment Rules, 2026 were published on 8 April for comments by 9 May, alongside a wider filing-framework review.
Read source →JSW and POSCO sign Odisha steel JV
A 6 mtpa integrated steel JV was signed at the India–Korea Business Forum.
Read source →Income-tax Act, 2025 takes effect
From 1 April 2026 the Income-tax Act, 2025 replaces the 1961 Act; FY 2025-26 returns follow the old law.
Read source →Director KYC becomes triennial
Director KYC is now due once every three years by 30 June, effective 31 March 2026.
Read source →Land-border FDI rules eased (Press Note 2)
Non-controlling land-border beneficial ownership up to 10% now uses the automatic route; some manufacturing gets 60-day approvals.
Read source →ECB rules amended; LLPs eligible
LLPs can now raise ECB; limits rose to USD 1bn or 300% of net worth and the cost ceiling was removed.
Read source →Budget 2026: MAT 14%, IT safe harbour 15.5%
MAT cut to 14% and made final; safe harbours such as 15.5% on cost for IT services were announced.
Read source →Korean Re opens GIFT City branch
Korean Re set up a GIFT City branch, starting full operations in April.
Read source →678 Korean companies confirmed in India
A KOTRA–KITA survey counted 678 Korean companies in India; the real number may be higher.
Read source →Small-company limits raised to ₹10 crore and ₹100 crore
MCA raised small-company limits on 1 December; small companies enjoy lighter compliance.
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