KNOWLEDGE SERIES OCTOBER 2021
September Edition – Knowledge Series
Listing process in NASDAQ”
Nasdaq Dubai has established minimum requirements that must be met by all companies applying to admit their securities on the exchange. These requirements meet international standards without being unduly onerous.
A two-stage procedure applies to a company that wishes to IPO. As well as obtaining admission of its securities to the DFSA’s Official List, the company must also ensure that its securities are accepted for Admission to Trading by Nasdaq Dubai under the exchange’s Admission and Disclosure Standards (ADS).
Appropriate financial information, adequately communicated before the IPO, is essential to maintain credibility among investors, regulators, employees, and other stakeholders. A company must comply with specific financial reporting requirements as part of the listing process.
Valuation of an Enterprise
There are multiple and divergent observations raised from every nook and corner of the world about Valuation such as “Valuation is not a science it is an art”, “Valuation is quantitative and based on the quality of assumptions” “Valuation is person centric and standard method centric” etc. Our efforts are to make the reader understand what is the value of an asset they are keenly following and make them value that asset using simple & easy to understand techniques.
National monetisation Pipeline
The beauty of various Monetisation models and instruments are such that even a passive investor can also aspire to invest in infrastructural assets and it will give huge Philip to the secondary market and capital market as a whole. We conclude this by a small recommendation to all the aspiring investors that “India has reached an inflection point and its only up and above is the trajectory for Indian economy, today the assets are not valued at its full potential because of early ramp up stage hence it is apt and ripe to put money in INDIA and be a patient investor”.
UA Golden Visa for Expats
Changes in Business Landscape
Interconnected business environment is blending with technology to cater to the needs of the masses. Today corporate and sovereign can offer values which can be programmed for specific needs, specific group of people, specific activity.
Succession rules in India
Succession is simply devolution of ownership. After the death of an Individual, a person can inherit the title of the deceased person’s assets in either of the below two ways
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August Edition – Precis
UAE Federal Law allows 100% Foreign Ownership from June 2021
As per the UAE Federal Law on Foreign Direct Investment amendment launched in June 2021, it is no longer mandatory to have an Emirati partner or specify a fixed quota ratio for him/her to start a business in the UAE. 100% foreign ownership is available for more than 1,000 commercial and industrial activities excluding economic activities with a strategic impact, which are in seven sectors only.
Ultimate Beneficial Owner (UBO)
The UBO Regulations will aim to promote transparency, prevent financial fraud and tax evasion, and improve corporate governance in the UAE. The Ministry of Economy has started imposing fines of up to AED 100,000 from July 2021 on those companies who do not submit their UBO information by June 30, 2021.
Economic Substance Regulations
As part of the UAE’s commitment as a member of the OECD Inclusive Framework, and in response to an assessment of the UAE’s tax framework by the European Union Code of Conduct Group on Business Taxation, the UAE issued Economic Substance Regulations on 30 April 2019. After a couple of amendments, the ESR regulations now require UAE onshore and free zone companies and certain other business forms to maintain and demonstrate an adequate “economic presence” in the UAE relative to the activities they undertake (“Economic Substance Test”).
VAT Guide on Automotive Sector in UAE
FTA has issued guidance on the Automotive Sector about the VAT treatment of supplies made by motor vehicle dealers in the UAE including but not limited to the supply of new cars, the supply of used/ second-hand cars, supplies under warranty, and the export and import of cars.
Zomato IPO Analysis
India’s leading food delivery company Zomato made a stellar debut on Dalal Street on July 23 as the stock opened at Rs. 116 on the NSE, a 52.63 percent premium to its final offer price of Rs. 76. The listing price on the Bombay Stock Exchange was Rs. 115, up 51.32 percent. The share price moved to Rs 138 intraday after listing at Rs. 116 against the final offer price of Rs. 76. Zomato saw a healthy overall subscription of 38x.
Paytm IPO Analysis
Paytm, India’s leading digital payments platform plans to raise Rs. 16,600 Crore through public issue of shares – half in fresh issue and half in offer for sale.
MI Capital – Newsletter August 2021
“We are extremely pleased with the consultancy services provided by MI CAPITAL”