Tag: Foreign Investment
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Press Note 3 of 2016: ‘Old wine in a new bottle’?
[Posted by Satyajit Gupta] Press Note 3 of 2016 issued by the Department of Industrial Policy and Promotion (DIPP) has had a mixed reception – e-commerce companies have largely remained silent, while some ‘brick and mortar’ retailers have welcomed the prohibition on influencing the price of goods amongst others. We believe that pending litigation and…
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FDI Reforms in E-Commerce: What Do They Entail?
[Posted by Umakanth Varottil] In a post on this Blog earlier this month, Satyajit Gupta and Saurabh Sharma elaborately discussed the background to the foreign direct investment (FDI) policy in the e-commerce sector. Ambiguities in the policy have not only given rise to uncertainties to players in the sector, but have also resulted in multiple…
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Indian REITs – Story So Far, Challenges and Expectations from Budget 2016
[Posted by Umakanth Varottil] [This guest post is contributed by Yashesh Ashar and Swati Adukia. They are tax professionals and specialize in mergers and acquisition tax. Please note that the views are personal] I. Introduction The Securities and Exchange Board of India (“SEBI”) notified the SEBI (Real Estate Investment Trusts) Regulations, 2014 (“REIT Regulations”) on…
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Understanding the Exit Rights Provided by Private Companies
[Posted by Umakanth Varottil] [The following guest post is contributed by Ananya Banerjee, a 5th Year Student of University of Calcutta, Department of Law] Investing in companies (especially in startups) involves a huge risk. For this reason, financial investors look for exit rights which allow them to exit the company with a high return on the investment…
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FDI in Marketplace Model – New Proposal for E-commerce
[Posted by Umakanth Varottil] [The following guest post is contributed by Ananya Banerjee, a 5th Year Student of University of Calcutta, Department of Law] Press Trust of India has reported on February 9, 2016 that the government is considering permitting 100% FDI in the marketplace model of e-commerce to attract more foreign investments. It was…
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Easing Investor Exit in the Construction Development Sector: A Loss for Domestic Infrastructure?
[Posted by Umakanth Varottil] [The following guest post is contributed by Abhinav Kumar, who is a 5th Year, B. A. LL. B (Hons.) student at NLU, Jodhpur] The Department of Industrial Policy and Promotion (“DIPP”) issued Press Note 12 (“PN12”) in November, being the last of the 2015 series. Titled “Review of FDI policy on…
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Major FDI Reforms: A Snapshot
[Posted by Umakanth Varottil] [The following guest post is contributed by Bhushan Shah & Labdhi Shah from Mansukhlal Hiralal & Company] The Government last week issued a Press Note announcing reforms (“Reforms“) in 15 major sectors in respect of Foreign Direct Investment (FDI). The objective of the Government is to ease the process of foreign investments in…
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Insurance Companies: IRDA Seeks Control in Indian Hands
[Posted by Umakanth Varottil] [The following post is contributed by Vinod Kothari of Vinod Kothari & Co. He may be contacted at vinod@vinodkothari.com] The issue of ownership and control of insurance companies in India has been in a state of flux since early this year. While the intent of the Government was clear – to…
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Breach of Representations and Warranties in M&A: A Buyer’s Guide
[Posted by Umakanth Varottil] [The following guest post is contributed by Goda A. Raghavan and Kirthi Srinivas G, who are advocates with HSB Partners, Chennai and can be contacted at goda@hsbpartners.com and kirthi@hsbpartners.com respectively. Views are personal and do not represent the views of the firm.] Purchase price in a mergers and acquisitions (M&A) transaction…