The Interconnect

Ketan Dalal (Managing Partner, Katalyst Advisors LLP)
Trusts, Taxation and Takeover Code – a Timeless Tussle!

Complexity in business environment has grown multi-fold owing to the impact of globalisation on geopolitical and financial markets. While the global economy has remained lull, India has been an exception to the same with the Indian promoter families having steered their businesses onto the path of profitability and growth and in the process have amassed significant wealth for themselves and their families. A recent trend shows that in order to facilitate seamless transition of wealth from one generation to another, Indian promoters have favoured “trust” as a holding vehicle.....