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Definition of control expanded to include director appointment and contractual rights, affecting FDI assessment and sector classification. Revision of the definition of control to include the right to appoint a majority of directors or to control management or policy decisions via shareholding, management rights, shareholders agreements or voting agreements, and revision of Annex B of Schedule 1 to the FEMA Regulations, 2000 to align sectoral classification, entry norms, sectoral caps and conditions for FDI under Government and Automatic routes with the Consolidated FDI Policy.
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Provisions expressly mentioned in the judgment/order text.
Definition of control expanded to include director appointment and contractual rights, affecting FDI assessment and sector classification.
Revision of the definition of control to include the right to appoint a majority of directors or to control management or policy decisions via shareholding, management rights, shareholders agreements or voting agreements, and revision of Annex B of Schedule 1 to the FEMA Regulations, 2000 to align sectoral classification, entry norms, sectoral caps and conditions for FDI under Government and Automatic routes with the Consolidated FDI Policy.
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