Value of transaction and substantial business operations in India

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.... in sub-regulation (4) and (5) of regulation 9 of these regulations; (c) payable during two years from the date on which the transaction would come into effect for arrangement(s) entered into as a part of the transaction or incidental thereto including but not limited to technology assistance, licensing of intellectual property rights, usage rights of any product, service or facility, supply of raw materials or finished goods, branding and marketing; (d) for call option and shares to be acquired thereof assuming full exercise of such option; (e) payable, as per best estimates, based on the future outcome specified under the transaction documents. Explanation. ─For the purpose of this sub-regulation, ....

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....thority of the person obligated to file notice under these regulations, the value of the transaction may be considered as exceeding the amount specified in clause (d) of section 5 of the Act; (h) the best estimate shall be the estimate of the board of directors or any other approving authority of the person obligated to file notice under these regulations recorded by it in its approval. If the estimate is not recorded by the board of directors or any other approving authority of the person obligated to file notice in its approval, the maximum payable amount shall be considered as the best estimate. (2) For the purpose of proviso to clause (d) of section 5 of the Act, the enterprise referred therein shall be deemed to have substa....