My learned colleague Rodrigo and I have written an article on the M&A environment in Brazil (from an Indian buyer’s perspective). It is available at and I have also excerpted it below. Background Brazil is the world’s fifth largest country and with an estimated population of 200 million, it is also the world’s fifth most populous country after China, India, USA and Indonesia. Brazil is a...
Update: Action Plan on Start-up India
[The following post is contributed by Bhushan Shah and Neha Laxman from Mansukhlal Hiralal & Company] At the Global Workshop for Start-ups in Delhi, the Government very recently announced an Action Plan to promote and provide a conducive environment for Start-ups. The primary objective of the Action Plan is to (i) ease the process for young Indians to begin, sustain and develop home...
Integrated Form for Company Incorporation
The Ministry of Corporate Affairs (MCA) has with effect from today prescribed a new Form INC-29 for incorporation of companies, and it integrates several requirements that were earlier required to be filed separately. The integrated form as well as an instruction kit can be accessed on MCA’s website (here). The purpose for the form has been stated as follows: EForm INC-29 deals with the single...
Budget 2015: Ease of Doing Business
The Government’s focus on enhancing the ease of doing business in India is abundantly evident from the Budget. This involves not only issues of licensing and approvals, but also matters for legal reform. In this post, I argue that while the proposals in the Budget will certainly help grow industry and foreign investment, many of these measures appear to correlate precisely with the need to...
Budget 2015: Some Preliminary Thoughts
The Finance Minister today announced India’s Budget 2015-2016. The Budget documents, including his speech are available here. It is significant that this Budget comes during a period of upturn in the economy after a few preceding years of perceived gloom and doom, especially from the perspective of foreign investors. Other features attributable to the current macroeconomic environment include...
Doing Business Report 2015: A Mixed Bag for India
The World Bank has released its report titled “Doing Business 2015: Going Beyond Efficiency”. It has also published a country report on India for the same year. At the overall level, India does not emerge in positive light, given that its ranking has fallen to 142 (out of a total of 189 countries) from 140 in last year’s rankings. India does not rank favourably among comparator economies either –...
Improving the Ease of Doing Business in India
We have been seeking to track India’s performance in World Bank’s Doing Business rankings for the last few years (with the last one available here). India has not made much progress in recent years on the overall scores, except on a few specific parameters. This has also become a cause of concern for foreign investors. The Government has now taken cognisance of these issues and the Department of...
The Criminalization of Commercial Disputes
News reports indicate that the Supreme Court of India has ordered the chairman of Samsung Electronics to appear before a Ghaziabad court in relation to charges filed by a party in a contractual dispute. This is pursuant to an earlier judgment of the Supreme Court rendered on February 1, 2012 that delves into the various substantive issues involved in the dispute, including the jurisdiction of the...
Doing Business Rankings 2014: Status Quo for India
The Doing Business Rankings 2014 have just been published by the World Bank and IFC. Nothing much has changed in the case of India. It has dropped three places from 131 to 134 out of a total of 189 countries. While the entire report is available here, India’s country report is available here. India’s rankings on various specific parameters are as follows: – Starting a business: 179 –...
Damodaran Committee Report: Impact on Impulsive Law Making
[In yesterday’s post, we had briefly discussed the publication of the Damodaran Committee on Reforming the Regulatory Environment for Doing Business in India, and its broad impact. In this post, Nidhi Bothra at Vinod Kothari & Co discusses the report in greater detail. Nidhi can be contacted at [email protected]] The Damodaran Committee was set up by the Ministry of Corporate Affairs to...
Recent Comments