Category: Uncategorized
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On Being a Corporate Lawyer
The Harvard Law School Corporate Governance Blog carries a post regarding a lecture by John C. Coates titled “On Being a Corporate Lawyer” that he delivered on being appointed the John F. Cogan, Jr. Professor of Law and Economics. A webcast of the lecture is also available. Coates talks about trends in current corporate law…
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Limited Liability Partnerships: Some Developments
While it is reported that the Limited Liability Partnership Bill is likely to be cleared during the Budget session of Parliament, there have been some interesting developments that will make limited liability partnerships (LLPs) attractive, at least to some types of business. The first relates to multi-disciplinary partnerships (MDPs). The Economic Times reports: “India can…
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Tax Benefits for REITs Likely
An earlier post on this blog had stated that the success of REITs in India would depend upon the availability of tax benefits to the REIT vehicle in the form of a tax pass-through. The Economic Times reports that SEBI has made out a case to the Government seeking that REITs be taxed in the…
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Minimum Public Float in Listed Companies
An area that has left an ambiguous trail over the years has been the amount of public shareholding that is required in a company at the time that it embarks on a listing and thereafter on a continuous basis. Numbers for public shareholding limits have, in the past, ranged from 60% to 40% to 25%…
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Guest Contributor: Pramod Rao
It is my pleasure to introduce our guest contributor, Mr. Pramod Rao. Pramod Rao is General Counsel of ICICI Bank, and heads the Corporate Legal Group of ICICI Bank Limited. He is an alumnus of National Law School, Bangalore, and secured BA LLB (Hons.) from NLS in 1996. He joined the Industrial Credit and Investment…
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Guest Contributor Series
I am delighted to announce the launch of the guest contributor series on this blog. The purpose of the blog will be well-served only if there are group of contributors who are able to participate in a rich and rewarding discussion on issues and developments in the Indian corporate and business law sphere. Towards this…
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The Case for an Indian SWF
BackgroundSovereign wealth fund (SWF) is a fund owned by a state composed of financial assets such as stocks, bonds, property or other financial instruments. Sovereign wealth funds are, broadly defined, entities that can manage the national savings for the purposes of investment. The accumulated funds may have their origin in, or may represent foreign currency…
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Review of FDI Policy
The Union Cabinet has approved changes to the Foreign Direct Investment (FDI) Policy, and increased avenues and limits for foreign investment in certain sectors. These are: – construction development projects– civil aviation– petroleum & natural gas– commodity exchanges– credit information companies– mining– industrial parks. For details, see reports in Business Standard and LiveMint. One sector…
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Some Lessons for M&A Deal Documentation
Recent months have witnessed a spate of M&A deals in the US that have turned sour even before they were consummated, and they have quite naturally ended up in court. In pure legal terms, these involve a scenario where disputes arise between the parties between signing of the definitive agreements and closing whereby one of…
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Company Information in India
The Harvard Business School (HBS) Working Knowledge carries an interview of Professor Tarun Khanna of HBS in connection with the release of new book “Billions of Entrepreneurs in India and China”. An excerpt from the book (which compares India and China on a broad range of factors) deals with the availability of company information in…
