Amendment to FDI Policy Oct 31, 2011 (Nov 01, 2011)

Amendment to FDI Policy Oct 31, 2011 (Nov 01, 2011)

Para 3.3.2.1 of the FDI Policy has been deleted from FDI Policy.

Text of Para 3.3.2.1 of the FDI Policy:

Only equity shares, fully, compulsorily and mandatorily convertible
debentures and fully, compulsorily and mandatorily convertible preference shares, with no in-built options of any type, would qualify as eligible instruments for FDI. Equity instruments issued/transferred to non-residents having in-built options or supported by options sold by third parties would lose their equity character and such instruments would have to comply with the extant ECB guidelines.

Note: The Reserve Bank of India is yet to issue necessary Notification.

Leave your comment

*

code