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Published on Sat, Oct 05,2013 | 18:51, Updated at Sat, Oct 05 at 18:51Source : Moneycontrol.com | Watch Video : 
The good news is that earlier this week SEBI notified that contracts for pre-emption rights including ROFRs, drag & tag along rights and call and put options are permitted in shareholder agreements and articles of association. The not-so-good news – this is prospective! Nonetheless this is a big positive development for joint ventures and private equity investments – both of which are often accompanied by such rights and options. But as I said – every silver lining comes with a cloud! So we don't know yet if the RBI will play ball? To throw some light on this, I am joined by Ashwath Rau of Amarchand and Punit Shah of KPMG.
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