Investments

The Securities and Exchange Board of India (SEBI) is considering changes to its disclosure requirements for foreign portfolio investors (FPIs). In 2023, SEBI tightened regulations to address concerns about FPIs potentially using concentrated investments to bypass rules, particularly those with connections to investors from land-bordering countries (LBCs). However, recognising the operational challenges this posed for …

SEBI Proposes Easing Disclosure Requirements for Foreign Portfolio Investors Read More »

Exciting news for investors! The Indian government has amended its Foreign Exchange Management Rules to facilitate cross-border share swaps and support the international growth of Indian companies. Key takeaways: – ODI-FDI Swaps Made Easier: No more prior RBI approval is needed, making cross-border transactions smoother and faster. – Clarity for NRI & OCI Investments: Non-repatriation …

India Simplifies Cross-Border Share Swaps & Boosts Global Investment! Read More »

The Ministry of Corporate Affairs (MCA) has introduced the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2024, simplifying the process for foreign companies to merge into their Indian wholly-owned subsidiaries. This move is expected to streamline the reverse flipping structure, as part of the central government measures towards ease of doing business in India significantly. …

MCA Streamlines ‘Reverse Flipping’ for Foreign Companies Read More »

Through a recent notification dated August 16, 2024, the Ministry of Finance amended the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (“NDI Rules”) vide the Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2024 (“Amendment Rules”). The primary aim of these Amendment Rules is to simplify the process of cross-border equity share swaps by facilitating …

Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2024: A Closer Look Read More »

In a significant move for global investors, the Department of Economic Affairs, on August 16, 2024, amended the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (“NDI Rules”), to make cross-border share swaps easier.  The changes aim to support the international growth of Indian companies through mergers and acquisitions. This update follows the Union Budget’s promise …

Regulatory Amendments Likely to Boost Cross-Border Investments Read More »

In a significant ruling on December 14, 2023, in the case of Shakti Yezdani v. Jayanand Jayant Salgaonkar (Civil Appeal No. 7107 of 2017), the Hon’ble Supreme Court (“Supreme Court”) has cleared the air on a critical subject. The ruling pertains to whether the rights of a nominee under the Companies Act, 1956 (Section 109A …

Nominees or Legal Heir, Who Has The Legal Right Over Shares? Read More »