Corporate Professionals Blog

The Government of India, vide Press notes 4, 5 and 6 (2013 series), has notified changes in the Foreign Direct Investment Policy , which was cleared by the Cabinet early this month. The amendments include increase in the sectoral investment limits across different sectors, easing of conditions for multi-brand retail and a more restrictive definition of ‘control’ of a company. Following is a discussion on these Press Notes: Press Note No.4 (2013 series): Change in definition of “Control” The concept of "control" arises in several different contexts in corporate transactions. For instance, it is used to determine whether a mandatory open offer requirement arises under the SEBI Takeover Regulations. It also arises in the context of competition law, the merger control regime, and foreign direct investment (“FDI”) while dealing with the question of downstream investments by Indian companies that were owned or controlled by foreign investors, and most recently, in the Companies A...

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,

Choices add the ultimate spice to life and India with the largest number of people (well almost!) needs a lot of them. That is especially true when it comes to things majorly characterized by the ever-evolving technology. And obviously, when there’s a demand, there’s going to be a large number of industry players competing with each other to bring out the best possible product in a given price change. One such industry is the Indian Automobile Industry which very visibly stays on its toes to bring new models for the domestic and international markets alike. The domestic players are sincerely trying to meet the international standards and yield the best quality. Mr. Manoj Kumar Vice President +919910688433 manoj@indiacp.com Nissan's Managing Director in India, Mr. Kiminobu Tokuyama says “India is a rapidly growing market, so therefore it is very important for global auto manufacturers". India’s potential as a manufacturing country and as a consumer base is being...

Maslow, a world famous psychologist known for his hierarchy of needs; brought to paper the thought which people generally fail to realize. The second most important need after food and shelter is the need for protection and security. That comes even before the need for love, social esteem and self-growth. Believe it or not; ask yourself and you’ll know it’s true. Mr. Manoj Kumar Vice President +919910688433 manoj@indiacp.com With 28 states, 7 union territories and a population of 1.22 Billion; India sure is a huge country. With the huge size comes a huge list of needs. You would say Food security, Education, Infrastructure, Transport, Good Sanitary conditions, Social welfare et al. Did you say Security?