Corporate Amicus: May 2012

Doctrine of 'essential facilities' and its applicability in context of Indian social, economic and market conditions is the topic of discussion in this month's "Corporate Amicus". Some international applications of the said doctrine are also analyzed elaborately in the article. Reserve Bank of India has issued a consolidated Circular for implementation of FDI policy and has reduced the retention limit for forex in EEFC accounts. "Ratio decidendi" covers latest judgment of Supreme Court of India holding that land development qualifies as service under the Consumer Protection Act, and an Order of the Securities Appellate Tribunal (SAT) clarifying the scope of the term 'debarred from accessing capital market'.