Marathi | HIndi

Epaper
Follow us:
Home > Business > Amazon India faces several questions on disclosure of Future deal
Amazon India faces several questions on disclosure of Future deal English.Lokmat.com

Amazon India faces several questions on disclosure of Future deal

New Delhi, Oct 26 Interesting questions have been raised with the recent arbitration case between Amazon and Future ...
Amazon India faces several questions on disclosure of Future deal

New Delhi, Oct 26 Interesting questions have been raised with the recent arbitration case between Amazon and Future - if Amazon invested in a private company of Future Group's Kishore Biyani, Future Coupons which in turn bought shares in Future Retail and as such Amazon indirectly got pro rata shareholding in Future Retail, isn't it incumbent on it to comply with Indian laws.

The arbitration raises 7 questions before Amazon in India.

1. Has Amazon disclosed all Amazon-Future agreements to Future Retail Limited (FRL) shareholders?

2. Has FRL amended its Articles to reflect Amazon's role?

3. Amazon could not have invested in FRL through India's FDI Policy, then, can Amazon have enforceable rights against FRL?

4. Can Amazon assert control over FRL and its Board? Likewise, can Amazon assert control on FRL shareholders?

5. If Amazon is asserting control, has it made an Open Offer?

6. By its actions, Amazon is asserting control over FRL. Is that legal as per India's FDI policy?

7. Do all of Amazon's agreements with Future stand disclosed to Indian regulators - SEBI, ED, etc.?

( With inputs from IANS )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Amazon India faces several questions on disclosure of Future deal
Interest-on-Interest concession to cost exchequer Rs 7,500 cr: Crisil
Jeff Bezos, Mukesh Ambani set for long-drawn war over Future Retail
Sashidhar Jagdishan to take over as HDFC Bank MD on Tuesday
GSTN enables composition taxpayers to file NIL statement through SMS