SPACS An Indian Perspective

Aayushi Shah, Svkm’s Pravin Gandhi College of Law, Mumbai University

ABSTRACT

Special-Purpose Acquisition Company (SPAC) has been a widely discussed topic since 2021 and the trend continues. The Union Budget for the year 2022-2023 is progressive and revolutionary as it focuses on the digitalization of the Indian Economy. However, it fails to address several other critical issues, such as rules on the offshore listing for Indian companies or creating a regulatory regime conducive for Special Purpose Acquisition Companies. The Budget failed to create a regulatory environment that is amicable to Special Purpose Acquisition Companies. This article provides a comprehensive overview of SPACs and the current regulatory roadblocks faced by India.

Indian Journal of Law and Legal Research

Abbreviation: IJLLR

ISSN: 2582-8878

Website: www.ijllr.com

Accessibility: Open Access

License: Creative Commons 4.0

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