PRWire

FoxMandal Little(FML), India's oldest and largest full service law conglomerate launched the fourth edition of it's very own publication "Investing in India" today. To release the book in the presence of distinguished lawyers and promoters of FML, Shri Somnath Chatterjee, Hon'ble Speaker, Lok Sabha graced FML's corporate office, FM House, Noida, NCR of Delhi. Scanning over all important aspects of investing, such as the latest laws, rules, procedures, foreign direct investment (FDI) policies, drawbacks, benefits in India, "Investing in India" gives an in-depth view on the Indian investment structure. Guiding about 2000-3000 prospective foreign investors, the book aims to reach as diversified audiences as possible.

The easy-to-read, well structured book is also translated to other languages like Japanese and Korean for the benefit of FML's international clients. Divided into six parts, the book covers aspects of Indian law such as foreign direct investment, general corporate laws, taxation and dispute resolution. It provides valuable information on investments in India, carrying on business, employment laws, capital market regulation, Intellectual Property Rights (IPR), double taxation avoidance treaties, the court system, arbitration laws and even environmental regulations.

Mr. Som Mandal, Managing Partner, FML, says "We at FoxMandal Little would like to think of ourselves as more than just a law firm. Part of our responsibilities as legal professionals of 21st century India is to ensure that we provide true and accurate information, not just to our clients, but also the investors at large. As a much needed guide to the intricacies and labyrinthine laws and procedures for doing business in India, the book serves as a point of first reference to the investor, professional and scholar alike". "We believe that our book titled "Investing in India- 2008" shows our commitment and devotion to make India as the most attractive country for investments" he further added.

FML regularly attends and addresses distinguished conferences, wherein the book is given to all delegates, hosted by International Bar Association, American Bar Association, Inter-Pacific Bar Association, Asia Law and Practice conferences, Conference of Singapore Construction Industry, International Financial Law Review conferences, Bengal National Chambers of Commerce, Confederation of Indian Industry, FICCI, etc., all over the world. It comes into most use when dealing with a specific sector or industrial activity. This is why the chapter on Sectoral Overview outlines the sector-specific laws and guidelines relating to twenty areas of industrial activity. It covers most of the Indian economy and an investor would be hard pressed not to find this book both useful and handy.

Highlights of the Book

Seeking to provide a comprehensive and holistic overview of foreign direct investment in India, FML’s annual publication “Investing in India” serves as a handy tool for the foreign investor and the scholar alike. The book acts as a central location for issues relating to FDI in India and deals with a number of areas of law including setting up of companies, taxation, environmental regulation and even a broad, general introduction to the Indian economy.

The book is divided into six parts as follows:

1. An Introduction to India outlines broadly, the Indian economy, its political and judicial scenario and explains why India is a much sought-after investment destination
2. A Special Introduction on Foreign Direct Investment elaborates the current FDI policy and FDI ceilings for various sectors
3. The section on General Corporate deals with a number of issues faced by multi national corporates when setting up a business in India. These include entry option for foreign enterprises, how to protect intellectual property rights, export and import, capital market regulation, external commercial borrowings, labour welfare and environmental regulation
4. The section on Taxation not only explains the taxation system in India, both direct and indirect, but also brings forth the advantages a foreign enterprise may take from the Double Taxation Avoidance Agreements between India and Cyprus, Mauritius and Singapore.

1. Dispute Resolution outlines the judicial system in India and explains the procedures involved for dispute resolution, both in a mainstream litigation setting as well as out-of-court alternative methods.
2. The sixth and final part is a Sectoral Overview of laws and regulations governing individual industrial sectors. This covers most areas of the Indian economy- from Healthcare to Venture Capital, from Real Estate, Construction and Special Economic Zones to Biotechnology.

It is our belief at FML that “Investing in India” is invaluable for any investor interested in a slice of the vibrant and dynamic pie that is the Indian economy. The simplicity of language, the lucid style and the clarity of thought and expression lend much to the practicality of the book. Deciphering Indian law is a tedious and protracted task at best. Investing in India is our way of telling foreign investors that one of the best things that they could do is to continue “investing in India”.

We hope that you’ll enjoy reading this book as much as we have enjoyed making it.