TaxTMI 
TaxTMI 
Value of transaction and substantial business operations in India
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....r indirect, immediate or deferred, cash or otherwise, including but not limited to the consideration, -- (a) for any covenant, undertaking, obligations or restrictions imposed on seller or any other person, if such consideration is agreed separately; (b) for all inter-connected steps and transactions, as provided in sub-regulation (4) and (5) of regulation 9 of these regulations; (c) payable....
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....e spot rate for last six months quoted by the Reserve Bank of India from the relevant date; (c) value of transaction shall include consideration for any acquisition by one of the parties or its group entity in the enterprise being acquired or merged or amalgamated in the transaction, anytime during the period of two years before the relevant date; (d) in case of implementation of an open offer....
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....ot be established with reasonable certainty, by the board of directors or any other approving authority 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 ....
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....nd (ii) more than rupees five hundred crores; or (c) its turnover during the preceding financial year in India is: (i) 10% or more of its total global turnover derived from all the products and services, and (ii) more than rupees five hundred crores. Explanation 1.─ Sub-clause (ii) of clause (b) and sub-clause (ii) of clause (c) of this sub-regulation shall not apply to digital ser....