Protection of foreign investment, property and nationalisation in India

This study presents comprehensive treatment of the legal aspects of nationalisation and protection of foreign investment and property in India. The right of States to nationalise foreign property is universally recognised but there is sharp difference of opinion among developed countries as to the amount of com pensation payable and in fact whether any compensation is payable at all. This work examines various concepts involving taking over of the foreign property or interference with it.

The attitudes of the capital-exporting and capital-importing countries to the problem of compensation for nationalisation has been discussed and in this connection the author critically examines the safeguards for foreign private investment, abolition of foreign private ownership, and decline of foreign private invest ment in India. The author has also discussed the controversial non-resident investment in India. New International Economic Order and sovereign right and limitations to nationalise foreign property are fully reflected in this work.

In this wide ranging work the author discusses various controversial issues relating to the right of property, constitutional validity of taking over and the compensation. The study to examines the validity of nationalisation of roleum business, life insurance, general insurance, and nationalisation of miscellaneous foreign business in India. Parliament debate for determination of the compensation has been discussed thoroughly. This work fully covers modern developments relating to the subject under consideration and presents an uptodate study of the problem. Lastly a chapter has been included on "Protective Measures and Remedies" available to the foreigner.