Composite foreign investment caps aggregate all foreign holdings and count equity from debt conversions within sectoral limits. A composite cap aggregates all types of foreign investment-direct and indirect-under the sectoral/statutory ceiling, including holdings across FEMA schedules; FCCBs and DRs constituting debt are excluded, but any equity arising from conversion of debt is counted as foreign investment. Total foreign investment in an entity shall not exceed the sectoral cap, portfolio investments remain subject to specified limits and procedural approvals, and the investee company bears responsibility for compliance. These amendments are effective immediately and read with the Consolidated FDI Policy Circular of 2015.
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.
Composite foreign investment caps aggregate all foreign holdings and count equity from debt conversions within sectoral limits.
A composite cap aggregates all types of foreign investment-direct and indirect-under the sectoral/statutory ceiling, including holdings across FEMA schedules; FCCBs and DRs constituting debt are excluded, but any equity arising from conversion of debt is counted as foreign investment. Total foreign investment in an entity shall not exceed the sectoral cap, portfolio investments remain subject to specified limits and procedural approvals, and the investee company bears responsibility for compliance. These amendments are effective immediately and read with the Consolidated FDI Policy Circular of 2015.
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