Legal Newsletter – In Tempore Special Issue
This special issue of In Tempore, which in Latin means ‘at the right time’, seeks to provide an update on certain major changes or developments that have taken place very recently during past 12 months in the legal and regulatory fields in India.
Abolition of FIPB and delegation of its function to discrete ministries will hopefully expedite the process of obtaining approval for the FDI proposals. Delhi High Court’s judgment directing payment of damages by Tata Sons Ltd. to NTT Docomo Inc. for breach of JV Agreement after rejecting the RBI’s objections relating to contravention of FEMA Regulations gave due regard to the issue of commitment of the Indian entity honoring its commitment under contract with foreign entity. Besides, India has for the first time allowed outbound mergers giving flexibility for structuring the deals for mergers involving Indian entity.
This issue also discusses the recent important orders passed by the Competition Commission of India and the action plan which must be adopted by the corporates having business operations in India. Besides, the CCI had also lately issued a manual for providing practical guidance on various aspects of competition law and systems and modalities which must be adopted by the corporates for preventing any risk of violation under the competition law.
MBC Newsletter_Special Issue