Publications

Further liberalisation of foreign investment on cards

The new Finance Minister has said that the Ministry is working on a policy document for further liberalisation of the foreign investment policy. The key amendments we can expect out of this policy change are likely to be:

1. Composite cap for all types of investments including FDI, FII, NRI and others.

2. Opening up most sectors like railways, ecommerce etc (other than strategic sectors) to foreign investment upto 49% under the automatic route. Defence could benefit too.

3. Categorisation of sectors based on National Industrial Code to ensure clarity.

 

Yuti Law Partners and Founder Partner Sarika Raichur named in Chambers Global Rankings once again

In March this year, Yuti Law Partners, Advocates and Founder Partner Sarika Raichur have been named in Chambers Global 2014. Sarika has been ranked under categories: UK Corporate/M&A (Experts Based Abroad) and India Corporate/M&A (Foreign Experts).

 

Update on FDI

RBI announces replacing existing guidelines on valuation in acquisition/sale of shares with market practices. Detailed guidelines to follow.

 

RBI takes further measures to stem Rupee fall

On 14 August, RBI tightened capital flows outside India by residents by slashing the per FY LRS limit of USD 200,000 to USD 75,000 (further prohibiting use of LRS for buying immovable property abroad) and limiting overseas foreign direct investment by an Indian party to 100% of its net worth from the current 400% limit.

 

Alert on Companies Bill

This evening, Rajya Sabha has passed the Companies’ Bill 2012 paving way for replacing the six-decade old Companies’ Act 1956 upon the receipt of the Presidential assent.

 

Alert on Foreign Investment Cap Revision

On 16 July 2013, the Government of India raised caps in foreign direct investment into as many as nine sectors in the pursuit to attract greater capital inflows and stem the fall in rupee. A summary of the announcement has been discussed briefly here.

 

Yuti Law Partners advises on a major hotel franchise

Yuti Law Partners has advised Panchshil Hotels Pvt Ltd. on a franchise by Hilton Worldwide for its DoubleTree by Hilton brand hotel in Chinchwad, Pune. The report can be read here.

 

All out for investments – eliminating age old and undue restrictions on options in shareholder agreements

It took India a trade deficit crisis to finally wake up to the age old and undue restrictions on put and call options in shareholders agreements or investment agreements. The development will indeed bring cheer across board. The regulators seem to be convinced but will this amendment see the light of the day any time soon? Please see the article below for more details:

http://www.livemint.com/Politics/xNFhxDuFymCtTFPLrUvuXI/Eye-on-foreign-investment-Sibal-approves-options-in-MA-PE.html