Mauritius party may go on through instruments other than shares

"This effectively seems to mean that any other securities which are not in form of shares -CCD, OCD, or such other structured products qualifying as 'Securities' under Securities Contract (Regulations) Act, 1956 and held as 'Investment'- may still remain eligible for benefits under Mauritius and Singapore tax treaties. Would this tempt the future foreign investments to use new product structures, including reorganising their existing investments to other hybrid securities, to continue investing from these countries?"

Ravi Mehta
Partner, Grant Thornton India LLP

This article apeared in Business Standard on 13th May, 2016