Experts of Lawmax.in Talks About Changing Business And Law

Changing Business And Law

gurgaon, India (prHWY.com) January 30, 2012 - Foreign collaboration and investments

Law firm Delhi Talks about Minister of Trade and Investment, Dr. Olusegun Aganga, yesterday, disclosed that the Federal Government was able to secure N4.89 trillion investment commitment from local and foreign investors in the last six months.

Of the total, local investors accounted for N2.67 trillion, while the remaining N2.22 trillion commitments came from foreign investors. A breakdown of investments from foreign companies showed that Vulcan Energy International finalized plans to invest N620 billion in the oil and gas sector of the economy within the next one year.

Initial public offering nurturing

Experts from Lawmax Talks about Initial public offerings are the preferred route of exit for investors, since they yield the highest return, but they are not the most common. It is estimated that fewer than one in a thousand new ventures have an IPO. However, entrepreneurs are much more optimistic than this record would warrant.

Corporate restructuring and reconstruction

Experts from Lawmax Talks about the Corporations Act do not allow two firms to be jointly appointed auditor. The act refers to the appointment of ''a firm'', one firm that is.

Mergers amalgamations and de-mergers

Experts from Lawmax Talks about an AT&T will reorganize itself through big mergers or demergers, Verizon will come out from Baby Bells, NTT was state owned as also BT, Vodafone was an amalgamation of three companies.

Intellectual property rights

Experts from Lawmax Talks about China "is not playing by global rules" on issues such as intellectual property rights, said Robert Hormats, the U.S. State Department's undersecretary for economic, energy and agricultural affairs.

Taxation

Experts from Lawmax Talks About Emboldened GOP Wants to Abolish State Income Taxes. Republican governors release their budget plans, said Kim Rueben, an expert on state taxation at the Brookings Urban Tax Policy Center.

Sez approval

Experts from Lawmax Talks about Non-availability of land were a major issue due to which Infosys could not apply for the SEZ status before January 24. Now that the land acquisition issues have been resolved and the company was going to sign memorandum of understanding (MoU) with state government on January 31, decks have been cleared for the IT major to enable it to get the special status.

Foreign exchange management

Experts from Lawmax Talks about DIPP told to set rules for FDI in power exchanges. Experts say such a clarification is required to provide certainty but said there is a need to relook at the negative list concept followed in the FDI policy as the foreign exchange management act works on positive list concept.

For details visit: http://www.lawmax.in

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Tag Words: sez approval, taxation

Categories: Law

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