In this month’s Special Report on India, we take a look at how the country’s robust economy has helped Asia survive the global financial crisis and ask whether its legal sector is likely to follow the example of its markets and open up to foreign players. We examine new developments in tax and takeover legislation and how these will affect both domestic and foreign private equity investments in India. Plus, find out how a new Reserve Bank of India circular has cleared up some uncertainties surrounding the regulation of core investment companies (CICs).
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Kroll’s Ramon Ghosh explains why a culture of corporate compliance is now likely to become vital when doing business in India.
