New Delhi, Oct 26 : Interesting questions have been raised with the recent arbitration case between Amazon and Future - if Amazon invested in a private company of Future Groups Kishore Biyani, Future Coupons which in turn bought shares in Future Retail and as such Amazon indirectly got pro rata shareholding in Future Retail, isnt it incumbent on it to comply with Indian laws.The arbitration raises 7 questions before Amazon in India.
1.Has Amazon disclosed all Amazon-Future agreements to Future Retail Limited (FRL) shareholders? 2.Has FRL amended its Articles to reflect Amazons role? 3.Amazon could not have invested in FRL through Indias FDI Policy, then, can Amazon have enforceable rights against FRL? 4.Can Amazon assert control over FRL and its Board? Likewise, can Amazon assert control on FRL shareholders? 5.If Amazon is asserting control, has it made an Open Offer? 6.By its actions, Amazon is asserting control over FRL.Is that legal as per Indias FDI policy? 7.Do all of Amazons agreements with Future stand disclosed to Indian regulators - SEBI, ED, etc.
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