𝐑𝐞𝐯𝐞𝐫𝐬𝐞 𝐅𝐥𝐢𝐩𝐩𝐢𝐧𝐠

The proposed changes will strengthen India’s position as a preferred destination and give strong impetus to our position in ease of doing business. But before re-domiciling businesses need to carefully consider tax implications, regulatory approvals. Also, dissolving or merging the foreign entity forces companies to seek approvals from contracting counterparties, renegotiate commercial contracts, re-apply for licenses, and reassign global IP. Coming home can be economically and operationally painful. This matter is complex and requires timely and proactive intervention by government and various regulators like FEMA, MCA to make it happen. For INDIA to achieve its dream of VIKSHIT BHARAT-nothing short of extraordinary is need of hour.