Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2026, announced a reduction in the Tax Collected at Source (TCS) rate on education-related remittances under the Liberalised Remittance Scheme (LRS). The TCS rate has been lowered from 5 per cent to 2 per cent, offering meaningful financial relief to students and families funding education and…
To apply for an Overseas Citizen of India (OCI) card, complete the online application through the official OCI Services portal: https://ociservices.gov.in. Upload all required self-attested documents, along with your photograph and signature. After completing the online process, submit the printed application form, supporting documents, and applicable fees at your local VFS Global center, Indian Mission,…
The Indian government provides extensive facilities and schemes for Micro and Small Enterprises (MSEs) to promote growth, employment, and competitiveness. These initiatives, primarily through the Ministry of Micro, Small and Medium Enterprises (MSME) and RBI, include financial aid, infrastructure support, and regulatory benefits accessible via Udyam registration. Registration Process Udyam Registration offers a simple online…
The Indian banking sector is one of the most regulated and systematically organized in the world. Its growth and stability are not by chance — they are rooted in a strong legal and constitutional framework that defines how banks are established, governed, and supervised. For banking professionals, policymakers, and even customers, understanding the **constitution of…
The de-SPAC process refers to the structured sequence through which a private operating company merges with a publicly listed SPAC, resulting in the former becoming a publicly traded entity. This process involves multiple phases including due diligence, negotiation, regulatory approvals, and shareholder consent, typically compressing the timeline compared to a traditional IPO. Key Stages of…
Over the last few years, Special Purpose Acquisition Companies (SPACs) have re-emerged as an alternative route for private companies to go public. Unlike a traditional IPO, a SPAC allows a private company to merge with a listed “blank check” entity, achieving public status more quickly and with greater deal flexibility. At the heart of this…
A SPAC forward purchase agreement (FPA) is a contract in which investors (often the SPAC sponsor or institutional investors) commit to buy a predetermined amount of SPAC units—typically consisting of common shares and warrants—at a set price upon the closing of the SPAC’s merger with its target company. What Is a SPAC Forward Purchase Agreement?…
Introduction In recent years, Special Purpose Acquisition Companies (SPACs) have become a popular vehicle for taking companies public. Alongside their rise, one financial instrument has drawn increasing attention: the SPAC Warrant. Although often overlooked by retail investors, warrants play a critical role in deal structuring and investor returns. They provide both incentives for early participation…
A Special Purpose Acquisition Company (SPAC) relies on a trust account to safeguard investor capital raised through its Initial Public Offering (IPO). This trust is central to the SPAC model, ensuring transparency, accountability, and investor protection throughout the process. The funds placed in the trust can only be used for specific purposes: completing a merger…
Special Purpose Acquisition Companies (SPACs) have emerged as a popular alternative to traditional IPOs, offering private companies a faster and less complex route to the public markets. A SPAC’s capital structure is a key factor in how these deals are executed and financed. It is designed to balance the interests of public investors, sponsors, and…