Indo-Japan Trade and Investment Bulletine by Japan Desk of Corporate Professionals,
Kose Corporation Enters into its First Overseas JV with Elder Pharma
India’s Rollatainers Limited forms a 50:50 JV with Japan’s Toyo Machine
L&T to exit from JV with Komatsu
Japan’s Isuzu Motors Ltd to set up an LCV manufacturing plant in India
India-Japanese Hospital in Bangalore to Start Functioning from July
Kalyani Appointed Head of India-Japan Business Leader's Forum
Mitsubishi Electric Planning for Elevator Production in India
Japan's Kyosan Electric opens up in India
Jamna Auto may Sell its Stake in the NHK Springs JV
Pune Farmer and Japan’s NEC Corporation Join Hands to Produce High-Value
Strawberry
India’s Reliance Group enters the Top 2 Gaming Markets in the World
Tata Metaliks Ends its Collaboration with Japanese Kubota and Metal One
Mitsubishi Partners with Neuland Laboratories in an API Deal
India and Japan Cooperate to Ensure Freedom of Navigation on the High Seas
Japan Grants an Aid of USD 2.32 Billion to India
Knowledge Centre : Impact of the Companies Bill, 2012 on the Foreign Companies having a Place of Business in India
Highlights of Bulletine : Uniqlo to Partner Arvind Brands & Retail to Set Shop in India , National Stock Exchange (NSE) and Japan Exchange Group (JPX) Plan Nifty Futures on Osaka Stock Exchange (OSE), MicroAd of Japan Sets up India Office, Isuzu Motors Finalises India Plant Location, Mahindra Satyam and Techmatrix Join Hands to Explore Opportunities in Healthcare Market
Indo - Japan Trade & Investment Bulletin- January 2014 published by Japan Desk of Corporate Professionals Highlights:
• India to buy Japan-made Military Aircraft
• NTPC Signs Loan Agreement with JBIC and SMBC
• Suzuki to Manufacture Exclusively for Maruti
• DoCoMo’s arm, OLM to enter Virtual Retail Market of India
• India’s ONGC Signs Exploration Cooperation Agreement with Mitsui of Japan
• Japan's Chubu Electric & India's GAIL to sign MOU on LNG Procurement
• Japan and India Sign Energy and Telecommunications Agreements
• India Extends Incentives to Japan for Investment in FAB Industry
• India’s Cadila to Exit from Japanese Pharma Business
• Japan Plans JV Firm to Finance Bullet Train Projects in India
• India based Moser Baer Sells 100 Crore worth Solar PV Modules in Japan
• Toshiba to buy 26% Stake in UEM India from Existing Shareholders
• Japan’s Yamaha to develop its Products Entirely in India
• India based Comstar in talks with Japan’s Mitsubishi to Sell Company
• Japanese Investors Eye Indian e-Commerce Segment
• Japans' Arkray to Acquire IVD Business in India
• India’s 3F Industries forms JV with Japanese firm Fuji Oil
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Highlights of Bulletine : Uniqlo to Partner Arvind Brands & Retail to Set Shop in India , National Stock Exchange (NSE) and Japan Exchange Group (JPX) Plan Nifty Futures on Osaka Stock Exchange (OSE), MicroAd of Japan Sets up India Office, Isuzu Motors Finalises India Plant Location, Mahindra Satyam and Techmatrix Join Hands to Explore Opportunities in Healthcare Market
Indo - Japan Trade & Investment Bulletin- January 2014 published by Japan Desk of Corporate Professionals Highlights:
• India to buy Japan-made Military Aircraft
• NTPC Signs Loan Agreement with JBIC and SMBC
• Suzuki to Manufacture Exclusively for Maruti
• DoCoMo’s arm, OLM to enter Virtual Retail Market of India
• India’s ONGC Signs Exploration Cooperation Agreement with Mitsui of Japan
• Japan's Chubu Electric & India's GAIL to sign MOU on LNG Procurement
• Japan and India Sign Energy and Telecommunications Agreements
• India Extends Incentives to Japan for Investment in FAB Industry
• India’s Cadila to Exit from Japanese Pharma Business
• Japan Plans JV Firm to Finance Bullet Train Projects in India
• India based Moser Baer Sells 100 Crore worth Solar PV Modules in Japan
• Toshiba to buy 26% Stake in UEM India from Existing Shareholders
• Japan’s Yamaha to develop its Products Entirely in India
• India based Comstar in talks with Japan’s Mitsubishi to Sell Company
• Japanese Investors Eye Indian e-Commerce Segment
• Japans' Arkray to Acquire IVD Business in India
• India’s 3F Industries forms JV with Japanese firm Fuji Oil
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
A SUMMER INTERNSHIP PROJECT REPORT ON “CONSUMER BEHAVIOR” AT IDBI FEDERAL LIF...Gaurav Mehta
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SUMMER INTERNSHIP PROJECT REPORT
ON
“CONSUMER BEHAVIOR”
AT
IDBI FEDERAL LIFE INSURANCE CO. LTD.
ATMIYA INSTITUTE OF TECHNOLOGY & SCIENCE
DEPARTMENT OF MANAGEMENT
A SUMMER INTERNSHIP PROJECT REPORT ON “CONSUMER BEHAVIOR” AT IDBI FEDERAL LIF...Gaurav Mehta
A
SUMMER INTERNSHIP PROJECT REPORT
ON
“CONSUMER BEHAVIOR”
AT
IDBI FEDERAL LIFE INSURANCE CO. LTD.
ATMIYA INSTITUTE OF TECHNOLOGY & SCIENCE
DEPARTMENT OF MANAGEMENT
Presentation to shareholders of the project Schoolies a project for School leavers, a youth exchange organized in Greece by Loutraki Youth Center and supported by Erasmus Plus and INEDIVIM.
Indo-Japan Trade and Investment Highlights:
India and Japan to work IT together
Japanese firm Looking to Strengthen Aviation Defence Presence in India
Omori to Acquire Majority Stake in Multi Pack Systems
Return of Mazda in India
Currency Swap to Control Falling Rupee and Improving Financial Ties with Japan
Suzuki to make India Hub for Export of Left Wheel Drive Swift Models to other Emerging Markets
India and Japan Launch Joint Research Programs in Applied Science
The Anime Bond
Knowledge Center: Overview of Indian Labour Law
India Japan (Indo-Japan) Trade and Investment Monthly NewsLetter, Japan to Import more Textiles from India, Honda Cars India to launch 5 new Diesel Models, Impact of the Companies Bill, 2012 on the Foreign Companies having a Place of Business in India, Class Action Suits: Finally an effective weapon in the hands of the Stakeholders
Highlights of IJTIB-December 2013:
• Japanese Carmakers Commit Huge Investments to India
• Japan’s Toyo Suisan & Ajinomoto Forming 51:49 Instant Noodle JV in India
• India and Japan Eyeing Joint Tenders for LNG
• Ecovis RKCA Partners Japanese Firm Ecovis XAT
• Manufacturing Firms in Japan Prefer India for Investments
• CAC Corporation to Acquire Majority Stake in Accel Fortline
• Japan’s Kokuyo Acquires Riddhi Enterprises
• Isuzu Earmarks Three Thousand Crores for Sri City Unit
• Japan's KITZ Corp Acquires Indian Valve Manufacturer Micro Pneumatics
• Hitachi to Invest Rs. 4,700 Crore in India in 2015-16
• Suzuki to set up Export Headquarters in India
• Japanese Companies Keen to Establish Telecom Gear Test Labs in India
• Japan's Whisky Maker Suntory May Join Race for Whyte & Mackay
• Samurai Incubate to Fund Indian Startups
Knowledge Centre: Work Hour and Overtime (Indian labour and Employment Law)
Article 'Impact of the Companies Act, 2013 on the Foreign Companies having a Place of Business in India' in Knowledge Centre
News Highlights:
-India’s Sun Pharma eyes to enter the Japanese Market
-Indian VC firm plans $1 billion fund to back Japanese Ventures
-Lumux Auto forms 55:45 JV with Japan’s Mannoh Industrial
-Tide Water Oil to form JV with Japan’s JX Nippon Oil & Energy
-Japan's Chubu in deal with India's GAIL to consider joint LNG buy
-Japan's Netmagic expands Data Center footprint in India
-Japan urges Indian firms to participate in IT Week Show
-Japan pledges Rs 15,000-cr loan for five Indian Projects
-Meidensha Corp buys 23% stake in Prime Electric
Highlights of Indo-Japan Trade & Investment Bulletin:- October 2013 (Monthly newsletter of Japan Desk of Corporate Professionals)
India- Japan Trade and Investment News
Knowledge Center: Labour Contracts in India
Highlights of IJTIB, August 2014
Toshiba to buy 26% stake in UEM India from existing shareholders
Nissan to build Micra for European market in France instead of Chennai
Mahindra Conveyor Systems group firm forms JV with Japanese Tsubaki
India’s Karbonn to make phone batteries with a Japanese researcher
Sun Pharmaceutical, with Daiichi, to tap the Japanese market
Japan may allow India to produce parts for US-2 amphibious aircraft
Ricoh seeks to double revenue from Indian market
Japan’s Keihin corp is set to develop facilities in Bangalore
India’s Suzlon in talks for Japanese offshore wind partner
Sony plans to set up a manufacturing plant in India
Toto opens its new plant in India
Amtek and Riken join hands to form 50:50 JV
Indo Japan Trade and Investment Bulletin by Japan Desk of Corporate Professionals
Highlights:
1. Claris Lifesciences Transfers its Infusion Business to JV with Japanese Companies
2. Honda rises to become the Second Largest Two Wheeler Player in India
3. Ricoh to Expand its Business in India
4. Panasonic looking to Increase Revenue from India
5. Tube Investments of India to Invest in a JV with Japan’s Tsubamex
6. Japanese Companies Delegating Autonomy to Local Talent
and much more
Knowledge Centre: FDI Policy Update
India and Japan Trade and Investment Bulletin published by Japan Desk of Corporate Professionals---
Highlights:::
1. India to become 3rd largest Auto Market by 2016,
2. Japan's Imaging Solutions Provider keeps its top line aims robust
3. Honda targeting a greater presence in India
4. Instant Messaging Apps make it big in India
Knowledge Center: Trade Mark Law - Madrid Protocol Becomes Effective in India
Highlights of this Indo japan Trade & Investment Bulletine:
Reserve Bank of India and Bank of Japan conclude Currency Swap Agreement, HCL Targets China and Japan for Expansion, Otsuka Pharma and Mitsui Join Hands to Exploit Opportunities in Indian Market, Kotak Mahindra Capital and Sumitomo Mitsui Banking Partner to Tap India-Japan M&A Deals, Hitachi and Panasonic Make India Base for Africa, Middle East and Emerging Markets, Nabtesco Automotive Corporation of Japan forms Joint Venture with UNO Minda, SDS Biotech of Japan Acquires Controlling Stake in Sree Ramcides,Dentsu in Expansion Mode in India, Mitsui PE Acquires Stake in Guardian Lifecare to have a Bigger Pie of the Indian, Pharmaceutical Market
The presentation discusses various aspects of Corporate Governance and involved issues, keeping in view the recent developments and controversies arose in conglomerates such as Tata and Infosys. It aims at portraying the extant position in filed of Corporate Governance vis-a-vis a pragmatic view of what it would be.
A Presentation given by Mr. Pavan Kumar Vijay, Past President, ICSI, Chairman-Secretarial Standards Board
on Corporate Governance through the eyes of Secretarial Standards.
Mr. Chander Sawhney, Partner & Head – Valuation & Deals, Corporate Professionals shared his thoughts as a guest Speaker on M&A Valuation and challenges at a Business Valuation Masterclass organised by VC Circle on 31st August, 2016. Corporate Professionals acted as the event supporting partner.
• In case of a merger valuation, the emphasis is on arriving at the relative values of the shares of the merging companies to facilitate determination of the swap ratio, hence, the purpose is not to arrive at absolute values of the shares of the companies. The key issue to be addressed is that of fairness to all shareholders. There are established legal precedence for merger valuation methodologies:
• Valuer’s role is to incorporate case specific factors and use appropriate methodologies so as to determine a fair ratio
• Usually, best to give weight ages to valuation by all methods
• Market price method and Earnings methods dominate.
• It is observed that in case of M&A, the Valuations depart from the concept of “Fair Value” as elements like Distress Sale, Desperate Buy, Comparable Transaction Multiples come into play reflecting Price than Value.
About Corporate Professionals Valuation Practice
Corporate Professionals Capital Pvt. Ltd. is a SEBI Registered (Cat-1) Merchant Banker and has a successful track record of providing a broad range of M&A and Transaction Advisory Services. Our Dedicated Team has more than 10 years of rich Valuation experience and we have executed more than 500 Corporate Valuations for clients of International Repute across different Context, Industries and Boundaries.
To know more about Our Valuation offerings and how we can help you, please visit us at www.corporatevaluations.in or download our Valuation profile @ http://www.corporatevaluations.in/VALUATION_PROFILE.pdf
Mr. Chander Sawhney, Partner & Head – Valuation & Deals, Corporate Professionals shared his thoughts as a guest Speaker on Relative Valuation - Techniques & Application at a Business Valuation Masterclass organised by VC Circle on 31st August, 2016.
Relative Valuation in which value of an asset or liability is done by comparing it to its Peers is pervasive and preferred for ascertaining Fair Value at a point of time as it reflects the market positioning of the Industry and Peers at that time. While Discounted Cash Flow (DCF) method is applied for arriving at Fundamental Valuation, most M&A transaction are based on Relative Valuation multiples (mostly Earnings based). The valuation ratio typically expresses the valuation as a function of a measure of Key Financial Metrics like PE, EV/EBITDA, EV/Sales or Book Value Multiple.
But before using a multiple, one should know the fundamentals determining the multiple and how changes impact it. Sanity check through use of fundamental valuation method like DCF is strongly recommended.
About Corporate Professionals Valuation Practice
Corporate Professionals Capital Pvt. Ltd. is a SEBI Registered (Cat-1) Merchant Banker and has a successful track record of providing a broad range of M&A and Transaction Advisory Services. Our Dedicated Team has more than 10 years of rich Valuation experience and we have executed more than 500 Corporate Valuations for clients of International Repute across different Context, Industries and Boundaries.
To know more about Our Valuation offerings and how we can help you, please visit us at www.corporatevaluations.in or download our Valuation profile @ http://www.corporatevaluations.in/VALUATION_PROFILE.pdf
Mr. Chander Sawhney, Partner & Head – Valuation & Deals, Corporate Professionals shared his thoughts as a guest Speaker on Valuation Principles & Techniques in Ind AS at a seminar organised by Gurgaon Branch of ICAI on 3rd September, 2016.
IndAS113 prescribes Fair Valuation definition, Techniques, Application and its Hierarchy. About 75% of the Balance Sheet Size is expected to change due to Fair Value Accounting (#IndAS109 #Financial Instruments, #IndAS102 #Share based payments, #IndAS16 Property Plant Equipments (PPE), #IndAS103 #Business combination etc. shall be impacted using #FairValue. Time to get ready, Plan Prepare and Align with the new requirements...
About Corporate Professionals Valuation Practice
Corporate Professionals Capital Pvt. Ltd. is a SEBI Registered (Cat-1) Merchant Banker and has a successful track record of providing a broad range of M&A and Transaction Advisory Services. Our Dedicated Team has more than 10 years of rich Valuation experience and we have executed more than 500 Corporate Valuations for clients of International Repute across different Context, Industries and Boundaries.
To know more about Our Valuation offerings and how we can help you, please visit us at www.corporatevaluations.in or download our Valuation profile @ http://www.corporatevaluations.in/VALUATION_PROFILE.pdf
The 2015 budget had long list of expectations. On one hand; the Government has addressed major issues surrounding the foreign investors which would certainly boost capital market inflows and revive the private equity industry (by deferring GAAR by 2 years and clarifying Permanent Establishment & Indirect Transfer of Assets). On other hand; it has just rationalized the subsidies. Probably as we see growth coming in and more job creation; subsidy burden can be better dealt with by the Government. Though there are no direct benefits for the middle class. However incentives have been introduced to encourage savings. These savings are expected to fuel the infrastructure and other investment plans laid out by the Government. Certainly Foreign investors have a reason to cheer for this Pro Business; Pro Growth Government budget.
Takeover Panorama, a Monthly Newsletter by Corporate Professionals on Takeove...Corporate Professionals
-The brief synopsis of recent Judicial Pronouncements given by the SEBI, AO, SAT, Informal Guidance and Consent orders passed in the month of December in the matter of SEBI Takeover Regulations.
-The brief synopsis of latest Open Offers given by the National as well as International Acquirers under the SEBI Takeover Regulations
-Unhide the hidden but important provision of the SEBI Takeover Regulations which generally get unnoticed on a plain reading of the regulations.
Acquisition of stake in YourNest Angel Fund by Religare Global Asset Management
Acquisition of stake in Bokaro Jaypee Cement by Dalmia Bharat
Telstra Health Acquires Business of IdeaObject
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
FIA officials brutally tortured innocent and snatched 200 Bitcoins of worth 4...jamalseoexpert1978
Farman Ayaz Khattak and Ehtesham Matloob are government officials in CTW Counter terrorism wing Islamabad, in Federal Investigation Agency FIA Headquarters. CTW and FIA kidnapped crypto currency owner from Islamabad and snatched 200 Bitcoins those worth of 4 billion rupees in Pakistan currency. There is not Cryptocurrency Regulations in Pakistan & CTW is official dacoit and stealing digital assets from the innocent crypto holders and making fake cases of terrorism to keep them silent.
buy old yahoo accounts buy yahoo accountsSusan Laney
As a business owner, I understand the importance of having a strong online presence and leveraging various digital platforms to reach and engage with your target audience. One often overlooked yet highly valuable asset in this regard is the humble Yahoo account. While many may perceive Yahoo as a relic of the past, the truth is that these accounts still hold immense potential for businesses of all sizes.
Top mailing list providers in the USA.pptxJeremyPeirce1
Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
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The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Building Your Employer Brand with Social MediaLuanWise
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement – helping to position your organization as an employer of choice in today's competitive talent landscape.
1. Indo-Japan Trade & Investment
Bulletin
March Issue
Japan Desk, Corporate Professionals
2013
2. INDEX
Indo-Japan Trade & Investment Highlights
Kose Corporation Enters into its First Overseas JV with Elder Pharma
India’s Rollatainers Limited forms a 50:50 JV with Japan’s Toyo Machine
L&T to exit from JV with Komatsu
Japan’s Isuzu Motors Ltd to set up an LCV manufacturing plant in India
India-Japanese Hospital in Bangalore to Start Functioning from July
Kalyani Appointed Head of India-Japan Business Leader's Forum
Mitsubishi Electric Planning for Elevator Production in India
Japan's Kyosan Electric opens up in India
Jamna Auto may Sell its Stake in the NHK Springs JV
Pune Farmer and Japan’s NEC Corporation Join Hands to Produce High-Value
Strawberry
India’s Reliance Group enters the Top 2 Gaming Markets in the World
Tata Metaliks Ends its Collaboration with Japanese Kubota and Metal One
Mitsubishi Partners with Neuland Laboratories in an API Deal
India and Japan Cooperate to Ensure Freedom of Navigation on the High Seas
Japan Grants an Aid of USD 2.32 Billion to India
Knowledge Centre
Impact of the Companies Bill, 2012 on the Foreign Companies having a Place of
Business in India
3. Indo-Japan Trade & Investment Highlights
Kose Corporation Enters into its First Overseas JV with Elder Pharma
Mumbai based Elder Pharma and Kose Corporation of Japan have entered into a JV to
manufacture and sell cosmetics in India. Kose will hold 60% stake and rest of 40% will be held
by Elder in the JV Company provisionally named as Kose Elder (India) Private Limited.
While Elder has experience of running subsidiaries abroad, it is their first joint venture in India.
Kose, on the other hand, has entered new markets only through exports from Japan and the joint
venture with Elder is its first such venture abroad.
The new company is likely to be operational in 2014 is likely to sell entire range of Kose
products in India by relying on Elder’s knowledge of local markets and strong distribution and
supply chain.
Nomura Securities acted as the financial advisor to Elder on the deal with Kose.
India’s Rollatainers Limited forms a 50:50 JV with Japan’s Toyo Machine
Indian packaging solutions provider Rollatainers Limited has entered into a 50:50 JV with
Japan’s Toyo through which these companies shall develop, design, assemble and manufacture
packaging machinery and spare parts and engage in marketing, selling and servicing their
products. The JV which shall be retail food, agricultural processing and pharmaceutical
industries will have a management services agreement with Rollatainers and a Technical services
agreement with Toyo Machine.
L&T to exit from JV with Komatsu
In a decision to better focus on its engineering and construction business and reducing reliance
on its non-core activities, Larsen and Toubro is currently in negotiations with Japan’s Komatsu
to sell of its 50% stake in its JV L&T Komatsu manufacturing hydraulic equipment. The deal is
hoped to be valued at INR 600-700 Crores.
4. Japan’s Isuzu Motors Ltd to set up an LCV manufacturing plant in India
Japanese auto maker Isuzu Motors Ltd plans to set up a light commercial vehicle (LCV)
manufacturing plant in Andhra Pradesh through its Indian subsidiary Isuzu Motors India Pvt.
Ltd. The plant which is estimated to cost INR 1500 Crores (INR 15 billion) will be able to
produce 120,000 units at peak capacity annually. This plant shall be one of the only 2 overseas
LCV producing units that the Japanese company will have, currently the only one being in
Thailand.
India-Japanese Hospital in Bangalore to Start Functioning from July
In a Joint Venture, Kirloskar Systems, Secom Medical Systems Co Ltd and Japan’s Toyota
Tsusho shall be opening up the functioning of Sakra World hospital at Bellandur in July. The
hospital shall harmonize the Japanese medical systems and practices with Indian manpower, thus
bringing together the best of both worlds to bring quality healthcare. With primary focus on
neurosurgery, orthopedics and cardiology, the 300 bed hospital will emphasize on emergency
and shall also house 60 ICU beds. Coming up at a cost of INR 220 Crores, the management has
ensured compliance with the standards of the National Accreditation Board for Hospitals and
Healthcare Providers (NABH) and Joint Commission International (JCI) at the design levels
itself.
Kalyani appointed Head of India-Japan Business Leader's Forum
Bharat Forge Limited’s Chairman & MD Mr. Baba Kalyani has been appointed as the Chairman
of the India-Japan Business Leader’s Forum (IJBLF). The 15 member forum aims to steer the
business developments between the two countries and also to bring fore of the respective
governments any roadblocks are faced for doing businesses. It shall also aim at strengthening the
business processes and explore newer opportunities for both economies.
Mitsubishi Electric Planning for Elevator Production in India
Japan’s Mitsubishi Electric is contemplating to set up a production base in India which it shall do
through its joint venture Mitsubishi Elevator ETA India Pvt. Ltd. The plan which has been in
contemplation has been delaying because the Company was focusing itself on China. Through
the Joint Venture, Mitsubishi will be able to concentrate on the Indian elevator market which is
expected to grow at a rate of 8-10 percent.
5. Japan's Kyosan Electric Opens up in India
Japanese railway and road signaling system manufacturing company, Kyosan Electric
Manufacturing, has opened its first India office in Delhi to increase its presence in India’s
railway network.
The Company shall be a part of the country’s railway expansion plan by providing safety
signaling system for high speed railways and special corridors that have been proposed.
According to the Company, because of its products, Indians will be able to look forward to
improved traffic safety and reliability.
Jamna Auto may Sell its Stake in the NHK Springs JV
Jamna Auto, the largest manufacturer of Tapered Leaf and Parabolic Springs for CVs in India, is
planning to sell its stake in NHK Springs India Ltd. The Company is a Joint Venture between 3
entities; Jamna Auto (5.39%), NHK Springs Co. (95.3%) and Metal One Corporation (1.08%),
the latter two being Japanese entities. In this JV, which manufactures automotive suspension
components for passenger cars and utility vehicles, Jamna Auto shall sell its stake to NHK
Spring Co.
Pune Farmer and Japan’s NEC Corporation Join Hands to Produce High-Value
Strawberry
Farmers from Katar Khadak village in Mulshi Tehsil of Pune district and Japan’s NEC
Corporation have collaborated to produce high value strawberry which shall be marketed to
international travelers through luxury hotels. After the successful pilot project that was launched
in September 2012 to market strawberries in the local market, the initiative was officially
launched on 25th March 2013.
India’s Reliance Group enters the Top 2 Gaming Markets in the World
The Anil Ambani Group of Reliance Companies has fully acquired a Japanese mobile game
distribution company Funnel Japan and has acquired a majority stake in Bluesom Inc, a Korea
based gaming development and publishing company. This acquisition has taken place through a
specially incorporated Reliance Big Entertainment Japan Company and marks the foray of
Reliance in the world’s largest and second largest gaming markets. Through the Japanese
Company, Reliance shall soon target the Chinese and the Taiwan markets as well.
Tata Metaliks Ends its Collaboration with Japanese Kubota and Metal One
Tata Metaliks has terminated its JV agreement with Japan’s Kubota Corporation and Metal One
Corporation executed on July 20, 2007 in order to integrate its ductile pipe business with the
Company itself. The Joint Venture Company Tata Metaliks Kubota Pipes Limited was buying
6. the raw material at market price and its net realization had decreased by almost 20 percent due to
the industry conditions.
Mitsubishi Partners with Neuland Laboratories in an API Deal
The Japanese company Mitsubishi, continuing with its pharmaceutical business expansion spree,
has planned to partner with the Active Pharmaceutical Ingredient (API) production company
Neuland Laboratories in Hyderabad, India. The deal shall take place between the Indian
Company and Mitsubishi’s Tokyo based unit, API Corporation. The partnership will help the
Japanese entity to expand its API production base in India while allowing the Indian partner to
strengthen its presence in the Japanese market.
India and Japan Cooperate to Ensure Freedom of Navigation on the High Seas
During the Seventh Annual India Japan Strategic Dialogue co-chaired by Indian External Affairs
Minister Salman Khurshid and his Japanese counterpart Fumio Kishida, India assured Japan that
it stands by the country to ensure freedom of navigation on the high seas. This came with an
understanding that both the countries, being importers of large amounts of oil and gas, need to
cooperate to ensure the security of the global commons including freedom of navigation on the
high seas.
This is being achieved through regular meetings and decision making during detailed dialogues
held pursuant to the bilateral Joint Declaration on Security Cooperation and an Action Plan to
Advance Security Cooperation.
Japan Grants an Aid of USD 2.32 Billion to India
After the two countries have agreed to promote their bilateral strategic and global partnership
especially in economic and security areas, Japan has granted an aid of USD 2.32 Billion to India
to extend a hand in the nation’s infrastructure building. Apart from this the nation has also
granted India a loan of USD 753.17 Million for the subway project in Mumbai, India’s financial
capital. This came in the meeting of Japanese Foreign Minister with India’s External Affairs
Minister Salman Khurshid in which India and Japan also signed the notes for the Official
Development Assistance Loan Package for Financial year 2012.
7. Knowledge Center
IMPACT OF THE COMPANIES BILL, 2012 ON THE FOREIGN
COMPANIES HAVING A PLACE OF BUSINESS IN INDIA
The much awaited Companies Bill 2012 was passed by the Lok Sabha (Lower House of
Parliament) on December 18, 2012, proposing to replace the 56-year-old Companies Act, 1956
once the approval of Rajya Sabha (Upper House of Parliament). The economic scenario globally
has undergone major transformation and structural changes and promulgation of the new bill is a
step towards globalization and is a successful attempt to meet the changing environment and
liberalization. The proposed Act is progressive and futuristic duly envisaging the technological
and legal developments. The new law aims to:
To revise and modify the Companies Act, 1956 in consonance with the changes in the
national and international economy.
To bring about compactness by deleting the provisions that had become redundant over
time and by regrouping the scattered provisions relating to specific subjects
To re-write various provisions of the Act to enable easy interpretation; and
To delink the procedural aspects from the substantive law and provide greater flexibility
in rule making to enable adaptation to the changing economic and technical environment
To inculcate the culture of Corporate Governance in the Indian Inc.
With these objectives the new law will bring various changes for the Businesses, Promoters,
Stakeholders, Creditors, Directors, the Law enforcers and the Society at a large. Different
sections of the corporate world may have some effect in their own way with this proposed new
law. This Note will highlight the impact of the Companies Bill 2012 on Foreign Companies
having a place of business in India.
Entry strategy for Foreign Investors in India
Any Foreign Entity planning to set up business in India may
Establish itself as an Indian Company having a Separate Legal Identity
8. Retain the status of a Foreign Company by opening:
o Liaison Office/Representative Office
o Project Office
o Branch Office
Set up as an Indian Company
A foreign company can commence operations in India by incorporating a company under the
Companies Act, 1956 through
Joint Ventures
Wholly Owned Subsidiaries
Foreign Investment in Joint Ventures can be made up to 100% depending on the requirements
of the investor, subject to equity caps in respect of the area of activities under the Foreign Direct
Investment (FDI) policy.
A joint venture may be incorporated in the form of a Private Company or a Public Company.
However, in case of forming a joint venture in India as per the Companies Act, 1956, if the status
of the foreign equity partner which if incorporated in India would be a Public Company and he/it
is holding less than 100% of paid up capital of the new joint venture company, such company
shall be deemed as Public Company even if it is registered as a Private Company in India.
Modification as Compared to Companies Act, 1956: Under the Companies Bill no such
restriction has been provided; which means whatever be the status or structure of the Foreign
Equity Partner, if being incorporated in India, is, the new incorporated joint venture company
may maintain its status as Private or Public Company depending on the form of registration in
India.
Secondly foreign companies can set up wholly-owned subsidiary companies in sectors where
100% foreign direct investment is permitted under the FDI policy.
In both the cases, whether a joint venture entity or as a wholly owned subsidiary, the
incorporated company would be registered as an Indian company and have to comply with all the
provisions of the Indian Company Law.
Set up as a Foreign Company
The Foreign Companies can also set up their operations in India through
9. Liaison Office/Representative Office
Project Office
Branch Office
In such cases, the Foreign Company does not have to comply with all the provisions of the
Indian Company Law and, instead, the law has specified separate provisions which are
applicable to such Foreign Company.
Definition of Foreign Company:
New Ambit of Foreign Companies: The Bill has redefined the term Foreign Company.
Foreign Company under Companies Act Foreign Company as per Companies Bill
1956 – Section 591 2012 – Clause 2(42)
Company Incorporated outside India and Company or body Corporate incorporate
having a place of Business in India outside India having a place of business in
India whether by itself or through an agent,
physically or through electronic mode.
Conducts any business in India in any
manner
Modification as Compared to Companies Act 1956: The ambit of Foreign Companies has been
proposed to extend in order to cover all companies or body corporates that have place of business
in India by itself or through an agent, operating physically in India or through electronic mode.
To enlarge the scope further the Ministry has proposed to cover the companies/body-corporate
conducting any business in India in any manner. The definition has been broadened to include
every Company having business in India through any mode.
From the onset, proposed Clause 2 (42) in the Companies Bill, 2012 has the potential to affect a
large number of Foreign Companies that may be present through electronic mode. The proposed
clause is likely to have a special effect on the websites that are accessible from India and such
companies may be required to establish a permanent place of work in India, in order to continue
to operate in the country. Currently, there are a number of foreign based websites that operate
directly or indirectly in India and may be said to have a place of business in India through
electronic mode such as Amazon.com, Rakuten.com etc., where customers located in India can
purchase products and get the shipment in India. Moreover, ebooks, softwares, or subscription to
e-magazines, dailies or other members only websites could be purchased online at many websites
that need no physical shipment to India. Further, by some stretch of imagination, one could also
foresee transactions conducted through debit and credit cards of foreign banks may also be
subject to the applicability of the provisions of the new Companies Bill, 2012.
10. The proposed provision under Clause 2 (42) of the Companies Bill, 2012 leaves many questions
unanswered. It is vague and has the potential to cover a number of Foreign Companies that do
not have a permanent place of business in India, at least until the rules under the Companies Bill,
2012 are notified. It would be interesting to see how and what effect this contentious provision
has on the foreign companies, once the rules are notified.
Application of Companies Bill, 2012 to Foreign Companies: Clause 379
Every foreign company (as per the definition above) having a place of business in India has to
comply with the provisions specified for these companies (mentioned below in this article).
Besides this a foreign company having a place of business in India and also where 50% or more
of the paid-up capital (whether equity or preference) of a foreign company is held by one or
more citizens of India or/and one or more companies or bodies corporates incorporated in India
whether singly or in aggregate, such company in addition to compliance of the provisions
specified herewith, such other provisions of the Companies Bill 2012 as may be prescribed by
way of rules.
Modification as Compared to Companies Act 1956: No modification, the same provision of the
Companies Act, 1956 has been continued under the Companies Bill 2012.
Compliances for Foreign Company
Documents etc., to be delivered to Registrar by foreign companies: Clause 380
Every foreign company is required to submit these documents to the Registrar for registration,
within 30 days of the establishment of its place of business in India:
Certified copy of the charter, statutes or memorandum and articles, of the company or
other instrument constituting or defining the constitution of the company and, if the
instrument is not in the English language, a certified translation thereof in the English
language;
Full address of the registered or principal office of the company
List of the directors and secretary of the company containing such particulars as may be
prescribed
Name and address or the names and addresses of one or more persons resident in India
authorised to accept on behalf of the company service of process and any notices or other
documents required to be served on the company
Full address of the office of the company in India which is deemed to be its principal
place of business in India
11. Particulars of opening and closing of a place of business in India on earlier occasion
or occasions
Declaration that none of the directors of the company or the authorized
representative in India has ever been convicted or debarred from formation of
companies and management in India or abroad.
Other Documents as may be prescribed later on.
In case of any alteration in the aforesaid documents the foreign company is require to submit a
return containing the particulars of alteration as per the prescribed format with the Registrar of
Companies, within 30 days of any such alteration.
Accounts of Foreign Companies:
The foreign companies in each calendar year are required to make out a balance sheet and profit
& loss account as per the prescribed format and shall also annex the documents as may be
prescribed by way of rules with the balance sheet and profit & loss account. All these documents
shall be filed with Registrar of Companies along with a copy of list of all the places where
business has been established in India as on the date of the balance Sheet.
If any of such documents is not in English language, a certified translation of these documents in
English language shall be attached.
Display of Name of Foreign Companies:
Every foreign company is required to exhibit outside its every office or place of business in
India, and in all business letters, bill heads and letter paper, and in all notices, and other official
publications, the name of the company and the country where it is incorporated. The name
shall be in legible letters of English language and also in the local language of the state where
such office is situated.
Besides the name and the country of incorporation the company is also required to mention the
fact that the liability of the company is limited if it is so.
Service on Foreign Company
Any process, notice, or other document required to be served on a foreign company shall be
addressed to the person whose name and address have been delivered to the Registrar and sent by
post or by electronic mode. The documents on foreign company as per the Companies Bill 2012
may now also be served by electronic mode.
12. Punishment for Contravention:
In case if foreign company has contravened any of these provisions it shall be punishable with
minimum fine of Rs. 1 lakh (100,000) but which may extend to Rs. 3 lakh (300,000) and in case
of a continuing offence with an additional fine which may extend to Rs. 50,000 for every day
during which the default continues.
Besides this every officer of the Company who is in default shall be punishable with
imprisonment of maximum 6 months or fine which shall not be less than Rs. 25,000 but which
may extend to Rs. 1 lakh or with both.
Modification as Compared to Companies Act 1956: Currently under the Companies Act 1956
where in case of default the company and every officer or agent of the company who is in default
shall be punishable with fine which may extend to Rs. 10,000 and in case of continuing offence,
with an additional fine which may extend to Rs. 1,000 for every day during the default continues.
13. CONTACT US
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Goregaon East, Mumbai -400065
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DISCLAIMER: The entire contents of this document have been developed on the basis of relevant statutory provisions and as
per the information available at the time of the preparation. Though the author has made utmost efforts to provide authentic
information however, the material contained in this document does not constitute/substitute professional advice that may be
required before acting on any matter. The document has been produced only for the informational purposes; the author and the
firm expressly disclaim all and any liability to any person who has read this document, or otherwise, in respect of anything, and
of consequences of anything done, or omitted to be done by any such person in reliance upon the contents of this document.