How ethically private equity firms operate in India

Very few private equity firms in India have got a code of ethics which has been documented formally. However, most of them feel that they always retain a code of conduct while performing their business and have very high ethical standards about which the media is biased against them. Private Equity Firm in India is on a more defensive state than it was ever before. There are a lot of controversy surrounding the transparency of their tax returns and even returns from their investment in the past few years. The leftwing media believes that not enough is being done about this to maintain a complete state of disclosure between people and firms. The media is completely hanging on to their claim that private equity firms are ought to pay more taxes than they are doing at the current stage. A voluntary code of conduct is under process to be developed by the industry which shall be followed unanimously followed all around by all the firms. In a survey conducted among th...