Showing posts from July, 2013

Corporate Valuations- Techniques and Application : Compilation of Business Valuations Articles

As of now there is no such guidance on standards for business valuation in India specifically for unlisted and private companies, numerous conceptual controversies still remain, even among the most prominent valuation practitioners. by virtue of its extensive promoters' capital markets experience, dedicated valuation team, in-house research wing and proven expertise in corporate transaction advisory has made an attempt identifying, preparing and compiling research oriented articles on such debated issues on business valuation, relative valuation, Sum of the Part Valuation, ESOP valuation, DCF valuation, Enterprise Valuation, Holding Company Discounts, Valuation in IT Sector, RBI Valuation and regulatory valuations which will guide you how to apply the range of valuation techniques, including their appropriate applications, advantages and disadvantages. 

Mr. Chander Sawhney
Vice President
+9810557353 You all can download this from slideshar…

Guidelines for Calculation of Total Foreign Investment

Department of Industrial Policy and Promotion (DIPP) had on 13th February, 2009 issued two press notes i.e. Press Note 2 & 3 (2009) stating Guidelines for calculation of total foreign investment in Indian companies, transfer of ownership and control of Indian companies and downstream investment by Indian companies. The same has been incorporated in FEMA regulations for FDI vide Notification No.FEMA.278/2013-RB dated June 07, 2013.

Now the Reserve Bank of India (RBI) has vide A.P. (DIR SERIES) CIRCULAR NO. 01 DATED JULY 04, 2013 provided for the one time reporting mechanism in respect of the calculation of the total foreign investment (Direct and Indirect) in respect of the press notes issued by DIPP and incorporated n the FDI Policy. The reporting with respect to the foreign investments made between 13th February,

SEBI Reworking on Delisting Regulations- Mr. U K Sinha

While speaking at a Conference in New Delhi, SEBI Chairman, Mr U.K Sinha said that SEBI is in the process of revamping the SEBI Delisting Regulations.

Ms. Anjali Aggrawal
Vice President
+919971673336 The Capital Market Regulator has already tightened its waders to refurbish the regime of Indian Capital Market with the intent to control and curb the manipulative practices going on in the market.

From the last 2 years, SEBI is making continuous efforts to plug all the ambiguities in the regulatory framework to ensure perspicuity on one hand and to rebuild investors’ confidence in the Capital Market, on the other. SEBI has already revamped the Takeover Code, Minimum Public Shareholding norms etc. Buy-backs and preferential allotments have already been deliberated upon and announced.

International registration of Trademarks under Madrid Protocol becomes effective in India

Marking a significant progress of the Indian subcontinent in the area of trademark law, India acceded to the Madrid Protocol on 8th April 2013, making the same effective in India beginning 8th July 2013, as per the Information Notice No. 15/2013 dated 29th May, 2013 issued by WIPO and Public Notice issued by the Controller General of Patents, Designs and Trademarks (CGPDTM) on 8th July 2013.
A notification dated 5th July 2013, issued by the Ministry of Commerce and Industry, DIPP, also notified that the Trade Marks (Amendment) Rules, 2013 which incorporate provisions relating to international registration of trademarks as under the Madrid Protocol, and brings in some amendments to the existing law, have also come into force from the 8th of July 2013.

FDI in Multi-Brand Retail Trading: Life after DIPP Clarifications

The Government of India has recently come out with a slew of clarifications on Foreign Direct Investment (FDI) Policy that has a direct impact on the FDI Policy on Multi-Brand Retail Trading (MBRT).
Group Company Department of Industrial Policy and Promotion (DIPP) released the Press Note No. 2 (2013 Series) on 3rd June, 2013 with the decision to incorporate the definition of “Group Company”. As per the newly introduced definition, if two or more companies, directly or indirectly, hold 26% or more of voting rights in the other or have the authority to appoint more than 50% of the members of the board of directors in the other company, they shall be considered to be group companies for the purposes of FDI Policy.
The newly introduced definition of “Group Company”: “Group Company” means two or more enterprises which, directly or indirectly, are in a position to: (i) Exercise twenty-six percent (26%) or more of voting rights in other enterprises; or (ii) Appoint more than fifty percen…

Liberalized Norms for ECB & Exports

In order to mitigate the current pressure on Rupee, the Government of India has taken widespread measures by way of liberalizing External Commercial Borrowing (ECB) norms for different sectors of the Indian economy i.e. infrastructure, civil aviation, telecom etc, this will faciltate access to cheaper sources of funds.Along with ECB, the Government has liberlized certain provisions related Export of goods and services.The necessary details has been provided below:
I. Amendments in ECB Regulations ECB for low cost affordable housing scheme To mobilise demand in economically weaker section and low-income group category, the government has introduced low cost affordable housing scheme. In December, 2012, the Government of India, in order to promote the scheme, allowed to developers/ builders, housing finance companies and National Housing Bank to avail ECB to be invested under the scheme.