Financial Daily from THE HINDU group of publications
Monday, Dec 22, 2003
Financial Daily from THE HINDU group of publications Monday, Dec 22, 2003 |
|
|
|
|
|
Opinion
-
Letters Equity rationale
The equity rationale of promotion as per law is that both Indian and foreign promoters have to be equal partners at the end of 10 years if not earlier. Apparently the Indian promoter is provided the benefit of capital appreciation given his higher stake. The assumption in law is that increasing capital requirements would be continuously met. Any change in the equity structure for existing units will alter the equity rationale, and be severe for existing Indian promoters. The law can be changed with reference to new insurance ventures to be promoted even if it would mean 100 per cent foreign equity. K. Ramachandran Mumbai
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
Article E-Mail :: Comment :: Syndication
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |
Copyright © 2003, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|