|
To,
Shri Narendra Modi
Hon’ble Prime Minister of India,
Government of India
Respected Hon’ble Prime Minister,
About Nishith Desai Associates (NDA)
Nishith Desai Associates is an India-centric global law firm with offices across India, the United States, Singapore and the Middle East. The Firm has consistently worked at the intersection of law, tax, technology and public policy, and has advised governments, regulators, Fortune 500 companies and startups on complex cross-border capital market and regulatory matters.
Executive Summary for the Hon’ble Prime Minister
This Representation respectfully places before you a consolidated and forward-looking reform proposal covering legal, regulatory, tax and market-structure dimensions to enable foreign companies to list and raise capital in India through Indian Depository Receipts (IDRs) and allied mechanisms.
We submit this Representation drawing upon three decades of hands-on experience with global capital markets, including landmark overseas listings of Indian companies such as Infosys, Wipro, Rediff and Sify on NASDAQ and NYSE. Today, several global companies advised by us are keen to access Indian markets, subject to regulatory clarity and tax certainty.
We would also be honoured to facilitate a structured interaction with a group of such globally reputed companies that are immediately ready to explore IDR listing in India.
With respectful regards,
Nishith Desai, Founder, Nishith Desai
Associates
cc: Hon’ble Minister of Finance Cabinet Secretary,
Government of India Chairman,
Securities and Exchange Board of India Chairperson,
International Financial Services Centres Authority Governor,
Reserve Bank of India Chairman,
Central Board of Direct Taxes
Click here to view full letter.
|
