The norms governing investments in India by entities/citizens of countries with which India shares a land-border need clearer definitions of ‘beneficial ownership’
China expressed serious displeasure at India at the WTO discussions earlier this month. It is angry with India for putting restrictions on FDI from countries that share a land-border with it, claiming it as discriminatory toward it and violative of the WTO’s principle of non-discrimination.
Please click here to read the full article by Lalit Kumar, published in The Financial Express.
Lalit is a corporate commercial, M&A and private equity lawyer with a vast experience of twenty-two years. He has successfully led large and complex transactions for Indian and global corporations.