Events

The Hon’ble Finance Minister tabled the last full Union Budget of this government for the fiscal year 2023-24 with the aim of steering the Indian economy over the next 25 years of Amrit Kaal – from India at 75 to India at 100. This is yet another year where the Government proposes to provide significant impetus to, inter-alia, infrastructure spend, digitisation and financial inclusion. The budget is in line with the vision of our Hon’ble Prime Minister to make India Atma Nirbhar and a digital giant. Here’s our webinar recording that summarises and discusses the highlights of the policy announcements and the tax proposals.

VIEW RECORDING PRESENTATION

Dhruva Advisors Singapore, Enterprise Singapore, High Commission of India in Singapore, Singapore Business Federation and FICCI jointly hosted a webinar session on Feb 14th, 2022 to deliberate on the impact of the Indian Budget 2022 tax proposals on the foreign investors and the Indian economy. Dhruva Partners – Dinesh Kanabar, Mahip Gupta and Niraj Bagri led the session and industry experts provided their in-depth insights on key policy and tax announcements.

VIEW RECORDING PRESENTATION IN THE NEWS

The Variable Capital Companies (VCC) framework has come of an age since its launch two years back by the Monetary Authority of Singapore (MAS) and Accounting and Corporate Regulatory Authority (ACRA), as a preferred fund vehicle of choice for investors globally.  Further, Singapore Exchange (SGX) has announced new rules that enable Special Purpose Acquisition Companies (#SPACs) to list on its Mainboard effective September 3rd, 2021.

Dhruva Advisors SG and FTI Consulting hosted an informative webinar wherein our experts discussed the key “Emerging Trends of investing in Singapore for US Investors” with keen insights on both the Tax & Fund Administration aspects. The deliberations also touch upon key India income-tax and exchange control developments, providing a holistic and global scenario.

Presentation: 11 January 2022 19 January 2022

Singapore has distinguished itself as a prominent global financial services centre through its reputation, strategic location, stable government, robust tax and regulatory environment, and exceptionally efficient yet cost-effective legal and financial ecosystem.

As per the Monetary Authority of Singapore (MAS), Singapore has more than SGD 3.4 trillion assets under management and more than 890 registered and licensed fund managers. In addition, to position Singapore as a leading fund domiciliation hub, MAS and Accounting and Corporate Regulatory Authority (ACRA) launched the new Variable Capital Companies (VCC) framework in January 2020 to provide a new corporate structure for investment funds, which emulates the best features of similar corporate fund vehicles prevalent globally.

The Singapore VCC framework was launched on 15 January 2020 and has since been adopted enthusiastically by the funds industry. Nearly 200 VCCs have been launched so far. Rajah & Tann Asia along with Dhruva Advisors Singapore, organised a webinar comprising of an expert panel of speakers who shared their experience on the use of the VCC for India-focussed funds and the practical considerations that fund managers need to consider in structuring such funds. The speaker panel comprised of:

• Arnold Tan Co-head, Funds and Investment Management, Rajah & Tann Singapore LLP.
• Mahip Gupta, Partner, Tax Advisory, Dhruva Advisors (Singapore) Pte. Ltd.
• Bhuta Devang Arun, Managing Director and Chief Executive, JM Financial Singapore Pte. Ltd.
• Nilesh Choudhary, Director & Co Founder, Wilson Ventures Pte. Ltd.

Dhruva Advisors Singapore, Enterprise Singapore, High Commission of India in Singapore, SICCI and FICCI jointly hosted a webinar session on Feb 9th, 2021 to deliberate on the impact of the Indian Budget 2021 tax proposals on the foreign investors and the Indian economy. Dhruva Partners – Dinesh Kanabar, Mahip Gupta and Niraj Bagri led the session and industry experts provided their in-depth insights on key policy and tax announcements.

Dhruva Advisors Singapore hosted a knowledge sharing webinar session on March 18th, 2020 for the members of ICAI Singapore chapter to deliberate on the Singapore Hold Co structure and the recently introduced Variable Capital Company (VCC) regime. The session was attend by lot of members and was very interactive. Mahip Gupta, Partner at Dhruva Advisors presented the session. Link to the copy of our VCC flyer is available below:

Dhruva Advisors, supported by Enterprise Singapore and Singapore Indian Chamber of Commerce and Industry (SICCI) hosted a webinar session on Feb 06th, 2020 to deliberate on the impact of the India Union Budget 2020 tax proposals on the foreign investors and the Indian economy.

Dhruva Partners - Mahip Gupta and Vishal Gada led the session and industry experts provided their in-depth insights on key policy and tax announcements.

Link to the copy of the presentation and recording is available here:

Dhruva Advisors recently hosted a breakfast session in Mumbai for the financial services industry, deliberating on the "New Singapore Fund Structure – An India & Singapore Perspective". This highly relevant and topical session was helmed by Dinesh Kanabar, Mahip Gupta and Punit Shah.

Do reach out to our specialists (punit.shah@dhruvaadvisors.com and mahip.gupta@dhruvaadvisors.com) for further insights on how we could be of relevance to your organization.