FDI

Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion (FC Section) Press Note No 2 (2009 Series) Subject: Guidelines for calculation of total foreign investment i.e. direct and indirect foreign investment in Indian companies. Investment in Indian companies can be made both by non-resident as well as resident Indian entities. [...] Full Article

Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion (FC Section) Press Note No. 4 (2009 Series) Subject: Clarificatory guidelines on downstream investment by Indian Companies. The Policy for downstream investment by Indian companies seeks to lay down and clarify about compliance with the Foreign investment norms on entry route, [...] Full Article

Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion (FC Section) Press Note No 3 (2009 Series) Subject: Guidelines for transfer of ownership or control of Indian companies in sectors with caps from resident Indian citizens to non-resident entities. At present, the transfer of shares from residents to non-residents, including [...] Full Article

In the backdrop of the major financial crisis faced by the Indian aviation sector, the government is toying with the idea of allowing foreign airlines to pick up about 25 per cent stake in cash-strapped Indian carriers. This is one of the proposals being considered by the government. The present FDI policy in aviation does [...] Full Article

The Reserve Bank of India has issued a circular dated 14 December 2007, laying down the directions for issuance of shares under Foreign Direct Investments and refund of advance remittances. With effect from November 29, 2007, equity instruments should be issued or advance remittances should be refunded within 180 days of receiving the money. Full Article

It is clarified that Domestic Venture Capital Funds registered with SEBI, have been permitted to invest in equity and equity-linked instruments only of off-shore Venture Capital Undertakings. Accordingly, Domestic Venture Capital Funds registered with SEBI, desirous of making investments in off-shore Venture Capital Undertakings may approach SEBI for prior approval. Full Article

Units undertaking to export their entire production of goods and services except to the extent of permissible sales in the DTA. Second hand capital goods, without any age limit, may also be imported duty free. Full Article