India Budget 2015: Impact on Private Equity, M&A and Global Investors

TUESDAY, MARCH 3, 2015
SESSION: 7:00 PM

• 8:30 PM (IST)

INTRODUCTION
India’s 2015 Union Budget is out. The Modi-led Government has announced policy measures that are bold, decisive and pragmatic

• clearly, a major step in the right direction for achieving a projected 8.5% growth rate in 2015-16.

A slew of regulatory and fiscal measures proposed in the Budget seek to improve India's investment and business environment. In this Webinar, we will provide insights on the impact of the 2015 Budget on Private Equity and M&A structures:

Key Tax Changes
 Reduction in corporate tax rates
 Deferral of GAAR and grandfathering of investments
 Clarity on indirect transfer provisions and impact on M&As
 Tax pass through status for domestic funds and REITs
 Permanent establishment exemption for India based fund managers
 Minimum alternate tax relief for FPIs
 Change in tax residency rules

• Impact on offshore structures including carry and globalization structures

 Exemption for ADRs, GDRs
 Clampdown on black money
 Key indirect tax proposals and roadmap for GST
Key Regulatory Changes
 Revamping exchange control landscape
 Consolidation of foreign investment caps (FDI, FPI)
 Ease of enforcement for NBFCs
 Introduction of new Bankruptcy Code