"Hi Levine,
Yes, it is hoped that RBI will not delay roll back of the measures once the Rupee stabilises a bit. This will not affect NRIs remitting foreign currency into India as these measures are purely concerning outbound investments. Trust this…"
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Sarika Raichur's Discussions
New restrictions on outbound investments and asset acquisitions
2 Replies
The Reserve Bank has been seen to be taking desperate measures to stem the recent free fall in the Dollar-Rupee exchange rate. With effect from 14 August, it reduced the existing limits of overseas…Continue
Tags: OFDI, Overseas, Foreign, LRS, Scheme
Started this discussion. Last reply by Sarika Raichur Sep 1.
Legal Discussions: Impact of this Budget on technology startups and angel funding
At this Budget, the Finance Minister has announced two significant measures to boost entrepreneurial activity and to help build up a stronger ecosystem for enterpreneurs.Firstly, this Budget provides…Continue
Started Mar 4
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Sarika Raichur replied to Sarika Raichur's discussion New restrictions on outbound investments and asset acquisitions
Levine Lawrence replied to Sarika Raichur's discussion New restrictions on outbound investments and asset acquisitions"Hi Sarika,
Thanks for this info. i have a few questions, please do spare time to answer -
are these short-term measures by RBI which will be rolled back once things stabilise?
do these affect NRIs remitting their dollars in india?
regards
Levine"
Sarika Raichur might attend Ashok Ranade's event
Canadian Start Up Visa for Indian Entrepreneurs at College of Engineering Pune (COEP),
September 7, 2013 from 6pm to 8pm
Canada is aggressively trying to recruit entrepreneurs from all over the world. A special Visa is now available for entrepreneurs who have commitments for funding from Canadian Angel or Venture capital firms.Mr. Nicolas Lepage, Canadian Consul and Senior Trade Commissioner, will provide details of the program and how Pune Entrepreneurs could benefit.See More
Sarika Raichur posted a discussionNew restrictions on outbound investments and asset acquisitions
The Reserve Bank has been seen to be taking desperate measures to stem the recent free fall in the Dollar-Rupee exchange rate. With effect from 14 August, it reduced the existing limits of overseas foreign direct investment in a wholly owned subsidiary or a joint venture abroad (OFDI) and in the general remittance allowed for individuals under the Liberalised Remittance Scheme (LRS). The per financial year LRS limit for each resident individual has been reduced to USD 75,000 from USD 200,000.…See More
Sarika Raichur replied to Arnold Eates's discussion Need advice on freelancer legalities and accounts"Wonderful Arnold! I am glad my answers helped you :-)"
Sarika Raichur replied to Arnold Eates's discussion Need advice on freelancer legalities and accounts"Hi Arnold, you will shortly receive an email from me highlighting a couple of potential legal issues you might face. Good luck!"
Sarika Raichur posted a discussionLegal Discussions: Impact of this Budget on technology startups and angel funding
At this Budget, the Finance Minister has announced two significant measures to boost entrepreneurial activity and to help build up a stronger ecosystem for enterpreneurs.Firstly, this Budget provides that corporate funds provided to technology incubators located within government-approved academic institutes will qualify as expenditure towards corporate social responsibility (CSR). It is expected that increased direct funding is likely to achieve greater efficiency by way of cut down of costs…See More
Abhijit Shelar left a comment for Sarika Raichur"Hello, We are group 10-15 developer and designer done web and mobile developmentand consulting. Please find our portfolio on www.exitosys.com. We have done projects in Code igniter (PHP) We have also developed projects on eCommerce and CMS in…"
Sarika Raichur is attending Mitesh Bohra's event
Doing Business in the US at Sun-n-Sand
February 4, 2013 from 9am to 5pm
This is an inspiring, full-day workshop where industry experts, successful entrepreneurs and U.S. attorneys share their knowledge about doing business in the United States — the current business and investment opportunities, legal requirements, failures and successes, plus insights and practical advice about building lasting businesses.Business & Investment Opportunities: When, Where and How to do BusinessSuccessful Market Entry: Incorporation, Banking, and Sales StrategiesGlobal Mobility…See More
Profile Information
- Are you an Entrepreneur?
- Not yet - I'd like to work with a startup
- About Me:
- Pune’s leading law offices, managed by Advocate T.K. Swaminathan for more than 36 years, was recently rebranded as Yuti Law Partners. Its presence and practices have been strengthened since Sarika Raichur, a corporate lawyer , joined in to service clients. Sarika, B.S.L., LL.B (qualified in India), advises clients on corporate and commercial matters. Sarika is experienced in domestic and cross border transactions and advisory in the areas of M&A, India entry, joint ventures, inbound and outbound investments, corporate finance, private equity and venture capital, both investments and formation, capital markets and employment law. Sarika has also had the experience in offshore structuring, debt finance, restructuring, distressed funding, special situations investments, securities litigation and general corporate advisory. She has worked with national law firms, an international law firm in London and in house with an international fund headquartered in Hong Kong. Currently, a top European law firm is consulting Sarika on a regular basis. Sarika has been ranked in Chambers Global 2012 under categories: UK Corporate/M&A (Foreign Experts) and India Corporate/M&A (Experts Based Abroad). She has spoken at various conferences and workshops. She speaks English, Hindi, Marathi, Kannada and German (intermediate).
- Website:
- http://www.yutilaw.com
- Designation
- Partner
- Are you looking for co-founders to start with?
- Yuti Law Partners would be pleased to assist angel investors, venture capital investors, founders, startups in achieving their goals.
- What would you like from the OCC?
- Opportunities to network and be of assistance to provide cost efficient legal services and opportunities to share knowledge by way of seminars/workshops for interested parties on relevant issues from time to time.
- Focus Areas / Interests
- technology, IT/ITES, government, healthcare, finance, consumer, retail, fitness, advertising, recruiting, management, defence, education, banking, networking
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