by Akil Hirani | Mar 22, 2022 | Authored by Akil Hirani, Authored by Rukshad Davar, Corporate/M&A, Foreign Investment
M&A activity worldwide has seen a year-on-year rise due to a myriad of factors, including, relaxed regulatory scrutiny, reduced operating costs, and beneficial tax regimes. The disruption caused by the pandemic led to a rise in protectionist measures in...
by Majmudar & Partners | Nov 14, 2019 | Foreign Investment, Insurance Law
Background Previously, foreign direct investment (“FDI”) in insurance intermediaries was treated at par with FDI in insurance companies and was restricted up to 49% under the automatic route. Insurance intermediaries (including, insurance brokers, re-insurance...
by Majmudar & Partners | Sep 10, 2019 | Foreign Investment
Introduction Addressing India’s need to attract investments to revitalize its economy, on August 28, 2019, the Union Cabinet (the “Cabinet”) has approved a number of changes to the foreign direct investment (“FDI”) regime. The reforms cover the single brand retail...
by Majmudar & Partners | Jun 29, 2018 | Foreign Investment
Consolidated reporting form for foreign investment transactions On June 7, 2018, the Reserve Bank of India (the “RBI”) released a circular (the “Circular”) changing the reporting formats in all transactions involving issuance, or transfer of shares of Indian companies...
by Majmudar & Partners | Apr 21, 2018 | Corporate/M&A, Foreign Investment
The Companies Act, 1956 permitted inbound mergers, i.e., merger of a foreign company into an Indian company. Even then, there were no foreign exchange regulations on inbound mergers. A key change that was introduced by the Companies Act, 2013 (the “Companies Act”)...
