Amendment to FDI Policy Oct 31, 2011 (Nov 01, 2011)
Para 18.104.22.168 of the FDI Policy has been deleted from FDI Policy.
Text of Para 22.214.171.124 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.