How have the earlier Budgets addressed `corporate restructuring issues?
Is there any trend? Since the 1990s, various provisions have been introduced from time to time. Recognition of the concept of de-merger as a distinct form of restructuring and further recognising the impact of change in shareholding of an Indian subsidiary company arising out of de-merger of its holding foreign company evidence the thinking of the Government to bring fiscal measures in tandem with corporate practices. These, coupled with various other pro-active measures aimed at promoting corporatisation of businesses, signal an emerging positive trend from the Government to adapt its fiscal policies to facilitate corporate restructuring. Specific provisions on buyback of shares are also noteworthy here. What were the expectations from Budget 2007? The expectations may broadly be classified into two categories one on modification of some of the existing provisions and the other in terms of support through further incentives. Modification of existing provisions: i) Basis of valuation o
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- How have the earlier Budgets addressed `corporate restructuring issues?
