9911796707
TMI BlogValue of transaction and substantial business operations in IndiaX X X X Extracts X X X X X X X X Extracts X X X X ..... irect or indirect, immediate or deferred, cash or otherwise, including but not limited to the consideration, (a) for any covenant, undertaking, obligations or restrictions imposed on seller or any other person, if such consideration is agreed separately; (b) for all inter-connected steps and transactions, as provided in sub-regulation (4) and (5) of regulation 9 of these regulations; (c) payable d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e for last six months quoted by the Reserve Bank of India from the relevant date; (c) value of transaction shall include consideration for any acquisition by one of the parties or its group entity in the enterprise being acquired or merged or amalgamated in the transaction, anytime during the period of two years before the relevant date; (d) in case of implementation of an open offer under the reg ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... th reasonable certainty, by the board of directors or any other approving authority of the person obligated to file notice under these regulations, the value of the transaction may be considered as exceeding the amount specified in clause (d) of section 5 of the Act; (h) the best estimate shall be the estimate of the board of directors or any other approving authority of the person obligated to fi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hundred crores; or (c) its turnover during the preceding financial year in India is: (i) 10% or more of its total global turnover derived from all the products and services, and (ii) more than rupees five hundred crores. Explanation 1.─ Sub-clause (ii) of clause (b) and sub-clause (ii) of clause (c) of this sub-regulation shall not apply to digital services. Explanation 2.─ For the pu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l service means the provision of a service or one or more pieces of digital content, or any other activity by means of an internet whether for consideration or otherwise to the end user or business user, as the case may be; (e) Business user means any natural or legal person supplying or providing goods or services, including through the use of digital services; (f) End user means any natural or l ..... X X X X Extracts X X X X X X X X Extracts X X X X
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