The provisions relating to declaration of significant beneficial ownership (“SBO”) were introduced in the Companies Act, 2013 (“Act”) with effect from June 2018, to prevent misuse of corporate...
Published On: 01/01/2018
Practice Area: Corporate & Commercial, Private Equity, Venture Capital and Fund Investment, Government & Regulatory, Mergers & Acquisitions
Authors:
The Union Cabinet, on January 10, 2018, approved certain key amendments to the Consolidated FDI Policy Circular of 2017 (the 'FDI Policy'). The amendments aim to further liberalize and simplify the FDI Policy to create a more foreign investor-friendly atmosphere and, in turn, attract more foreign direct investment ('FDI') in the country.
