Description
This is an era of aggressive business activity across the globe, with business flowing not merely from developed countries to the developing but also in the opposite direction. While multinationals continue with their expansion plans, India Inc is on a global buying spree. Triggered by the government´s favourable attitude towards foreign direct investment, international business is expanding in all spheres, even collaborating in R&D and getting a foothold in the defence industry. Grant of tax holiday, accelerated depreciation and investment allowances, and development-oriented fiscal policy in general, have encouraged international business to move in through joint ventures. This book discusses the methodology of entering into joint ventures and its consequences. The focus is on various issues, how international business moves in to form JVs, the terms and conditions under which the agreements for investment of capital, provision of goods or services are entered into, as also the problems of protection of FDI against expropriation by host countries. It also highlights the tax implications of investment decisions, and exemptions available thereon, to the two enterprises and their countries. Indian law on intellectual property rights, Foreign Exchange Management Act, and the Company Law applicable to foreign companies are also dealt with. In the end the book throws light on the actual working of Indian joint ventures.
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