Overview

The Tax Impact in Private Equity and M&A Transactions training program is designed to provide professionals with a deep understanding of the critical role tax plays in structuring, financing, and executing deals. With evolving tax regulations, including changes in GST, transfer pricing, and cross-border taxation, it is essential for investors, fund managers, and legal professionals to stay ahead of compliance requirements and strategic tax planning. This program will cover key areas such as tax due diligence, fund structuring, post-deal tax considerations, and regulatory compliance to help participants navigate complex tax challenges in M&A and private equity transactions.

Across two intensive days, industry experts will provide insights on FEMA regulations, tax structuring for PE/VC investments, post-deal tax integration, cross-border tax compliance, and the impact of ESG on deal structures. Through case studies and interactive discussions, participants will gain practical knowledge to optimize tax efficiency, mitigate risks, and enhance value creation in their transactions. Whether you are a private equity investor, legal advisor, corporate strategist, or tax professional, this training will equip you with the expertise needed to make informed decisions in today’s dynamic tax and regulatory environment.


Agenda

8:55 AM onwards
  • 8:55 AM – 9:00 AM

    Welcome Address

  • 9:00 AM – 10:30 AM

    FEMA Regulation & Investments

    • Overview of FEMA Regulations and their role in regulating cross-border investments
    • Key provisions of FEMA: Foreign Direct Investment (FDI), Foreign Portfolio Investment (FPI), and RBI guidelines
    • Overview of debt investment routes under FEMA: External Commercial Borrowings (ECB), NRI deposits, and Masala Bonds
    • Outbound investments by Indian entities: RBI approvals and FEMA guidelines
    • SEBI Regulations for investment vehicles: AIFs (Alternative Investment Funds), FPIs (Foreign Portfolio Investors), and FVCIs (Foreign Venture Capital Investors)
    • ICDR Regulations: Key provisions for IPOs, Offer for Sale, Preferential Issues, QIP, and Institutional Trading Platforms
    • Debt Listing Regulations: Listing and compliance processes for debt securities in India
    • Understanding Takeover Regulations: Open Offers, trigger events, and compliance requirements for acquirers

    Trainers: Nand Gopal Anand, Partners, JSA Advocates & Solicitors & Ambarish, Partners, JSA Advocates & Solicitors

  • 10:30 AM – 12:00 PM

    Tax Structuring

    • Key structuring considerations for PE/VC investments, including types of instruments and tax-efficient structures
    • Return on investment: Tax optimization strategies for maximizing returns
    • Regulatory and tax aspects influencing deal structuring, including domestic and international considerations
    • Exit strategies: Structuring for tax-efficient exits and minimizing tax liabilities
    • Tax-efficient structures: Tools and frameworks for evaluating tax efficiency in PE/VC deals
    • Tax risks analysis: Identifying and mitigating risks through indemnities, insurance, and protection measures
    • Fund-level structuring: Key tax considerations for investments and exits at the fund level
    • Critical areas in definitive documents requiring tax inputs and strategic planning
    • Recent tax challenges and the impact of the latest budget changes on tax structuring strategies

    Trainer: Sridhar Ramachandran, Partner, Grant Thornton India & Subham Kumar, Partner, Grant Thornton Bharat LLP

  • 12:00 PM – 1:00 PM

    Post-deal tax considerations

    • Strategic Importance of Tax Integration: Aligning tax strategies with post-deal value creation
    • Implementing Post-Completion Restructuring: Efficient execution of tax-driven restructuring initiatives
    • Harmonizing Tax Policies and Reporting Frameworks: Integrating tax systems across entities and ensuring smooth compliance
    • Optimizing Tax Loss Utilization: Maximizing the benefits of tax carryforwards and other loss-utilization strategies
    • Coordination Between Tax and Business Integration Plans: Ensuring seamless integration of tax and operational strategies for sustainable value
    • Managing Conflicting Tax Positions: Identifying, negotiating, and resolving divergent tax interpretations post-deal
    • Navigating Increased Tax Compliance Obligations: Addressing the heightened administrative burden and ensuring full compliance post-transaction
    • Impact of Regulatory Changes on Post-Deal Tax Planning: Adapting tax strategies to reflect new or changing regulations post-deal completion

    Trainer: Gaurav Singhal, Director, Heads Up Consulting LLC

  • 1:00 PM – Onwards

    End of Day 1

9:00 AM onwards
  • 9:00 AM – 10:15 AM

    Tax & Regulatory landscape in India

    • Overview of India’s evolving tax and regulatory framework
    • Structuring transactions in the current market
    • Rising trends in tax litigation, especially in M&A and cross-border deals
    • Recent tax law amendments impacting transactions (e.g., GST, transfer pricing, dividend tax)
    • Tax diligence considerations: Identifying unutilized tax benefits and risks
    • Addressing new regulatory reforms shaping the tax landscape for deals
    • Managing risks around uncertain tax positions and retrospective tax claims
    • Impact of ESG regulations on tax considerations and deal structures
    • Leveraging technology for efficient tax compliance and reporting
    • Influence of global tax developments (OECD, BEPS) on India’s tax policies and deals

     Trainer: Anil Talreja, Partner, Deloitte India

  • 10:15 AM – 11:30 AM

    REITs & InvITs: Strategic Investment and Regulatory Insights

    • REITs and InvITs as a Strategic Investment Vehicle: How these instruments are becoming critical to portfolio diversification and value creation in the current market
    • Regulatory Framework for REITs and InvITs: Understanding the latest regulations governing these structures, including SEBI guidelines and recent amendments
    • Tax Regime for REITs and InvITs: Overview of tax treatment, benefits, and challenges associated with these investment vehicles, including GST and income tax implications
    • Key Challenges in REITs and InvITs: Addressing liquidity concerns, valuation complexities, and regulatory hurdles faced by investors and operators
    • The Way Forward for REITs and InvITs in India: Market outlook, opportunities for growth, and potential reforms to improve attractiveness for investors
    • Impact of Institutional and Private Capital in the REITs and InvITs Market: How large institutional players and private equity are shaping the future of these vehicles
    • The Role of REITs and InvITs in Infrastructure and Real Estate Development: Their contribution to financing large-scale infrastructure and real estate projects in India
    • ESG Considerations in REITs and InvITs: Understanding the growing importance of environmental, social, and governance factors in these investment vehicles

    Trainer: Ravi Ahuja, Financial Services Industry Leader and Enthusiast

  • 11:30 AM – 12:30 PM

    Industry Perspective: Tax aspects of cross-border transactions

    • Cross border investments and M&A deals
      • Tax impact on investments and M&A
      • Benefits of interposing a special purpose vehicles as part of global M&A
      • Funding Structures and impact of Thin capitalization rules 
    • Reverse Mergers into India for IPOs
      • Process and related tax considerations
      • Exchange control and FEMA considerations
    • Structures for overseas investment by Individuals under 
    • Capital gains tax for non-residents on India investments
    • Withholding tax impact on M&A deals
      • Quantum for withholding tax (total sale considerations v/s capital gain)
      • Considerations in filing of Form 15CA and Form 15CB
    • Exit taxation – impact of GAAR and MLI under special situation including 
      • Treaty grandfathering 
      • Convertible shares and bonus shares received for the shares acquired prior to March 2017
    • Capital restructuring including taxation on buy-back 
      • Dividend v/s capital gains
      • Impact of tax treaties
    • Recent judicial rulings impacting M&A taxation
      • Tiger Global and other similar rulings on treaty benefits
    • Key compliances related to cross border transactions
      • Requirement of filing of tax return
      • Form 10F
      • Tax residency certificate
      • FATCA & CRS filing

    Trainer: Suraj Malik, Managing Partner & Founder, Legacy Growth Partners LLP

  • 12:30 PM – Onwards

    End of Training


Experts

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Sridhar Ramachandran

Partner, Grant Thornton Bharat LLP
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Subham Kumar

Partner, Grant Thornton Bharat LLP
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Anil Talreja

Partner, Deloitte India
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Ravi Ahuja

Financial Services Industry Leader and Enthusiast,
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Nand Gopal Anand

Partners, JSA Advocates & Solicitors
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Ambarish

Partners, JSA Advocates & Solicitors
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Suraj Malik

Managing Partner & Founder, Legacy Growth Partners LLP
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Gaurav Singhal

Director, Heads Up Consulting LLC

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