The current FDI norms impose a ceiling of 24 per cent FDI
for companies in the SSI sector i.e. small scale units having
capital investment in plant and machinery not exceeding Rs.
50,000,000 (USD 1,250,000). Further, SSI units with foreign
investment exceeding the notified sectoral cap are liable to
lose their status as SSI units.
With a view to liberalizing the SSI sector and augmenting
economic activity in the country, it is announced that FDI
norms governing SSIs would be relaxed and a notification is
likely to be tabled before Parliament, enabling an increase in
the limits of FDI in the SSI sector.
If such notification is passed, SSI units would be eligible
to raise foreign equity in accordance with caps governing the
sectors in which they operate, thereby improving their access
to technology and capital and assisting in the growth and
modernization of the sector.
The content of this article is intended to provide a
general guide to the subject matter. Specialist advice should
be sought about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
The ever non-quenchable thirst for foreign investment on our part and the ever non-diminishing power hunger on the part of foreign investors culminating in different form of Joint Venture Agreement (JVA), Share Purchase Agreement (SPA) and Share Holders Agreement (SHA) result in inserting an omnibus arbitration clause to settle disputes that arise from these agreements.
The use of email in offices is a common characteristic of modern-day workplaces that has revolutionized communication—both intra-company as well as with outside clients. However, new technologies have also made it possible for employers to effortlessly monitor office email used by the employee, thereby violating the employee’s right to privacy
With Indian companies rapidly expanding their presence internationally, there has been an increased keenness in companies operating in high growth sectors to migrate their holding company structures from India to reputed offshore jurisdictions.
In today’s dynamic and competitive environment, IP rights are key elements needed to maintain an edge in the market. It is crucial that the companies understand that what can be protected and how within their respective countries.
Every right comes with its own duties. Most powerful rights have more duties attached to them. Today, in each country of globe whether it is democratic, capitalist, socialist, give right to strike to the workers. But this right must be the weapon of last resort because if this right is misused, it will create a problem in the production and financial profit of the industry.