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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>India Defines 'Group Company' in FDI Policy: Voting Rights and Board Control Criteria Set.</h1> The Government of India has introduced a definition for 'group company' in the Foreign Direct Investment (FDI) Policy, effective from April 5, 2013. A 'group company' refers to two or more enterprises that can either exercise 26% or more of voting rights in another enterprise or appoint over 50% of the board of directors in another enterprise. This definition is now part of the Consolidated FDI Policy as per Circular 1 of 2013. The decision is effective immediately, and the relevant information has been disseminated for public awareness and implementation.
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