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.

http://economictimes.indiatimes.com/news/economy/policy/finance-ministry-to-introduce-a-framework-that-will-allow-49-investment-in-most-sectors/articleshow/35690641.cms

 

 

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).

See – http://www.chambersandpartners.com/firm/22641488/2