New Delhi, Vol-I, March, 2011

  Article

FOREIGN DIRCET INVESTMENT IN MULTI-BRAND RETAILING

Should foreign direct investment (FDI) in multi-brand retailing be permitted, is a question weighing on the minds of the Government of India heavily these days due to immense pressure from all quarters.

At present FDI in Multi-Brand retailing is prohibited in India. FDI in Single-Brand Retailing was, however, permitted in 2006, to the extent of 51%.
  Legal Updates
   
General exemption from the applicability of the provisions of section 212 of the companies act 1956
   
Unlisted Companies Having No Profits/Inadequate Profits Shall Not Require Government Approval For Managerial Remuneration
   
Exemption to Public Financial Institutions from disclosing investment under paragraph (1) of Note (1) of Part -1 of Schedule VI of the Companies Act
   
Takeover Panel Order in the matter of Hindustan Composites Limited
 
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They may not encompass all possible regulations and circumstances applicable to the subject matter and readers are encouraged to seek legal counsel prior to acting upon any of the information provided herein.