The Ministry of Corporate Affairs has yesterday (November 13, 2014) vide its circular clarified in response to industry references that the provisions of Chapter III of the Companies Act, 2013 dealing with Prospectus and Allotment of Securities shall not apply to an issue of FCCBs and FCBs made exclusively to persons resident outside India in... Continue Reading →

Foreign Investors setting up business in India can enter the Indian market through many ways including establishing a Branch / Liaison Office, incorporating a subsidiary in India, through a Limited Liability Partnership (LLP) and other means that have been prescribed. A LLP is viewed as an alternate corporate business vehicle that provides the benefits of... Continue Reading →

You will recall my post titled FDI in Multi Brand Retailing: Reading between the fuzzy lines. In the last week, the Department of Industrial Policy and Promotion (DIPP) has brought out certain clarifications in relation to the hotly debated policy on FDI into multi brand retailing. On the issue relating to sourcing, the government has... Continue Reading →

Multi-brand retailing has been the hot bed of political strife in the recent past and not without good reason. One needs to weigh enormous amounts of investment into the country (including in infrastructure) against livelihoods of farmers, protection to local retailers and monopolization of or dominance over essential day-to-day products. Through Press Note 5 (2012... Continue Reading →