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FDI relaxations in insurance may not get desired response
In a timely move intended to attract foreign direct investment (FDI), the government has allowed 100% FDI under the automatic route in insurance intermediaries. Industry stakeholders had long requested a relaxation in investment caps...
Defining ‘beneficial owner’ and FDI restrictions
To restrict opportunistic takeovers/acquisitions of Indian companies due to low valuations in light of covid-19, the Department for Promotion of Industry and Internal Trade (DPIIT) via Press Note 3 of 2020 (PN3) revised the...
Covid-19 impacts exit of PE and VC investors
In the wake of the covid-19 pandemic and its economic consequences, the private equity and venture capital industry has seen a major downturn. The pandemic has also increased the focus on exit options available...
Japan’s rising interest in the Indian startup scene
A look at investment trends over the past few years clearly shows that Japanese investors have made huge inroads into Indian private equity and venture capital markets. They are currently some of the biggest...
Expanding Indian manufacturing in EU, US
Exponential growth in the manufacturing sector that had been promised for more than a decade may soon be achieved. Post-1991 reforms that liberalized the economy led to substantial but gradual growth. The current government...
Facilitating exits in a post-covid-19 world
The economic reforms of 1991 gave India a high growth trajectory making it the fifth largest economy in the world. While complete capital account convertibility is still not permitted, significant steps have been taken...
Standing down the guard and increasing FDI in defence
In one of most significant moves in modern times concerning the defence sector, the finance minister recently announced that the foreign direct investment (FDI) limit in the defence sector under the automatic route would...
Protection of founder interests in VC transactions
Before the outbreak of COVID-19 pandemic, startups and the founders had a healthy infusion of funds, with multiple investors ready to assist them to achieve their revenue and customer acquisition targets. The chain from...
Foreign entities acquiring real estate in India
Every non-Indian entity (foreign entity) setting up operations inevitably becomes involved in the acquisition of real estate whether by lease, licence or sale. While Japanese entrepreneurs have long been doing business in India, their...
New rules to socially distance non-resident investors
“The times they are a-changin”, Bob Dylan sang in his famous song, which seems as apt for the current regulatory regime of foreign exchange laws as it did for the turbulent times in which...
Moving past the pandemic
The pandemic has thrown up challenges for maintaining productivity, honouring contracts and keeping workers employed. Mansha Shukla writes about the key considerations for in-house counsel
COVID-19 is preying on thousands of lives and has battered...
Jio-Facebook deal: Competition in jeopardy?
On 23 April, the Indian market saw one of its biggest deals go off. Facebook bought a 9.9% stake in Jio Platforms for a whopping US$5.7 billion. With Jio attracting the largest FDI deal...
Slowing the free fall
Taking stock of the relief measures deployed by regulators to soften the impact of the lockdown. Gautam Kagalwala reports
With the COVID-19 outbreak, the government has been fighting on two fronts. It has introduced a...
Online payment players are now under the RBI
After first raising its intention to bring payment aggregators (PA) and payment gateways (PG) under its regulatory purview in its discussion paper of September 2019, the Reserve Bank of India (RBI) on 17 March...
Virtual currency trade sees challenges with FDI
On 4 March 2020, the Supreme Court (court) quashed the Reserve Bank of India’s (RBI) circular of 6 April 2018 prohibiting entities regulated by the RBI from dealing in virtual currencies (VC) or providing...
What’s in store for M&As in a post COVID-19 economy
The economy has come to a halt in the current unprecedented situation. Apart from medical and essential service providers, labour and capital have been idle during the coronavirus-induced lockdown, and the world economy seems...
A chaotic situation in cross-border demergers
In December 2019, the National Company Law Tribunal (NCLT) in the matter of Sun Pharmaceutical Industries held that the Companies Act, 2013 (act), read with the Foreign Exchange Management (Cross Border Merger) Regulations, 2018...
Budget gives foreign direct investment its rightful place
Despite weak macroeconomic trends due to various internal and external factors, India witnessed a sharp increase of 16% in foreign direct investment (FDI) in 2019. Structural reforms undertaken by the government, including a reduction...
Legal and financial plans beyond COVID-19
COVID-19 has presented challenges that nobody could have envisaged three months ago. Each day existing as well as future challenges become larger. We need to fight the current difficulties and keep ourselves safe from...
FDI in digital media – easing of norms or restriction?
Last year the government, in order to boost the flagging economy, announced policy changes to foreign direct investment (FDI) under which investment norms were relaxed in certain sectors. The announcement was followed up by...
