Life Cycle of India Focused Funds

07 Jul 2015 @ New York
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Lifecycle of India Focused Funds

TUESDAY, JULY 7, 2015, AT THE PIERRE, A TAJ HOTEL, NEW YORK
2 E 61ST ST, NEW YORK, NY 10065, UNITED STATES

INTRODUCTION

The results of the parliamentary elections gave an absolute mandate to the current government. As the government completes its first year, there is lot of optimism from foreign investors towards the India story. As expected, the Budget 2015 and significant reforms were announced on February 28. While the new government is expected to redefine the macroeconomic outlook, the regulators have also been pushing for a more enabling regulatory environment. Please join the team at NDA on July 7, 2015 where we analyze the opportunities and challenges for funds looking to set up/invest in India or those considering an exit. Our team will unravel latest trends in the ever dynamic Indian fund industry and share insights on the impact of the elections, the Budget and recent liberalization by the Indian government.

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FLOW OF THE SESSION

11:30 AM–1.00 PM :

Registration

1:00 PM–1:30 PM :

Introduction

Nishith Desai, Founder & Managing Partner, Nishith Desai Associates

1:30 PM–2:00 PM :

Keynote

2:00 PM–2:50 PM :

Panel I - Fund Formation issues for India Focused Funds

  • Current environment for raising commitments
  • Key issues in LP-GP negotiations
  • Setting up PE / VC / Hedge funds
  • Fund Governance
  • Mauritius v. Singapore v. Netherlands
  • Unified v. Co-investment Structures
  • Impact of Budget 2015 on Fund raising and
  • Q&A

Panelists:

Pratibha Jain, Partner and Head - Funds and Regulatory practice, Nishith Desai Associates

Rajesh Simhan, Head - International Tax Practice, Nishith Desai Associates

Richie Sancheti, Head - Fund Formation, Nishith Desai Associates

2:50 PM–3:40 PM :

Panel II - Investments, portfolio governance and exits

  • Innovative structures for tax optimized investments and exits
  • Structured debt and equity investments; externalization and offshore listing of Indian companies
  • Portfolio company governance – key considerations
  • Tax considerations – GAAR, MAT and indirect transfers etc.
  • Key negotiation points in documentation like tax indemnity, reps and warranties insurance, FCPA
  • Impact of Budget 2015 and
  • Q&A

Panelists:

Vaibhav Parikh, Partner - Private Equity and M&A, Nishith Desai Associates

Ruchir Sinha, Co-Head - Private Equity and M&A, Nishith Desai Associates

3:40 PM–4:00 PM :

Break

4:00 PM–4:50 PM :

Panel III: Revised Landscape in India for Foreign Portfolio Investments

  • General framework of the FPI Regulations
  • Tax issues impacting FPIs
  • Participation of non-resident Indians in FPIs; Eligibility to deal in offshore derivative instruments
  • Aggregating investment limits for FPIs and swaps (P-notes)
  • Has clarity been reached on MAT applicability?
  • Q&A

Panelists:

Kishore Joshi, Head - Regulatory Practice, Nishith Desai Associates

Rajesh Simhan, Head - International Tax Practice, Nishith Desai Associates

Richie Sancheti, Head - Fund Formation, Nishith Desai Associates

 

5:40 PM ONWARDS

Cocktails