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        FEMA

        Foreign Direct investment Policy – definition of 'group company'

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        Group company definition expanded to include control over voting rights or board appointments, effective immediately under FDI policy Definition of group company added to the Consolidated FDI Policy: two or more enterprises are a group where one can, directly or indirectly, exercise a specified threshold of voting rights in another enterprise or appoint a majority of its board members; the amendment takes immediate effect.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Group company definition expanded to include control over voting rights or board appointments, effective immediately under FDI policy

                                Definition of group company added to the Consolidated FDI Policy: two or more enterprises are a group where one can, directly or indirectly, exercise a specified threshold of voting rights in another enterprise or appoint a majority of its board members; the amendment takes immediate effect.


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