During the course of setting up the Indian company for the biggest steel manufacturer in the world, Arcelor Mittal India Limited sought assistance to meet the regulatory framework for the incoming investment. Amtrak assisted the entity in complying with the Reserve Bank of India procedures for the overseas company’s investment in the Indian projects. Amtrak also assisted the client in all matters related to initial allotment of shares and other procedural formalities pertaining to Company Law.

Daewoo Telecom Limited, Korea was advised by us on their options for setting up a software unit in India. They chose to set it up under the Software Technology Park scheme as a branch office of their Korean company. This was a unique case where the software unit in India would not be a company incorporated in India. We handled the entire procedures that included special permissions from Department of Electronics, Government of India, Reserve Bank of India, Mumbai and the Software Technology Park authorities. We successfully completed the case and the unit was set up in 1997. In end-2000, Mercury Corporation of Korea took over some assets of Daewoo Telecom Ltd, Korea that included the Indian unit. Amtrak was again retained for obtaining the Government permissions for this change of management.

Engee Overseas Private Limited, a company belonging to the group of a hand tools manufacturer-exporters based at Jalandhar (Punjab), wished to invest in a software joint venture in USA in the mid 1990s. We helped the company draft the relevant agreements and finalize the pricing of the shares of the US Company. The case required special clearance from a committee comprising of senior Reserve Bank of India (RBI) and Government officials as it did not fit within the stipulated norms. We represented the company at the RBI headquarters in Mumbai and successfully obtained the permission.