Consolidated FDI Policy effective Oct 1, 2010 clarifies routes, sectoral caps, downstream investment and reporting obligations. The Circular consolidates FDI policy effective October 1, 2010; defines instruments, routes (Automatic and Government), and methodology for calculating total foreign investment (direct and indirect), including downstream investment rules for companies owned/controlled by non-residents. It incorporates substantive updates: prohibition of FDI in manufacture of certain tobacco products; definition of 'controlled conditions' in agriculture and allied activities; clarification on value-addition for titanium mineral separation; treatment of share-premium for minimum capitalization; permission for partly-paid shares/warrants via Government route; allowances for downstream investment through internal accruals; NBFC subsidiary capitalization rules; sectoral caps, entry conditions, reporting obligations (Forms FC-GPR/FC-TRS/DR) and FEMA enforcement mechanisms.
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Consolidated FDI Policy effective Oct 1, 2010 clarifies routes, sectoral caps, downstream investment and reporting obligations.
The Circular consolidates FDI policy effective October 1, 2010; defines instruments, routes (Automatic and Government), and methodology for calculating total foreign investment (direct and indirect), including downstream investment rules for companies owned/controlled by non-residents. It incorporates substantive updates: prohibition of FDI in manufacture of certain tobacco products; definition of "controlled conditions" in agriculture and allied activities; clarification on value-addition for titanium mineral separation; treatment of share-premium for minimum capitalization; permission for partly-paid shares/warrants via Government route; allowances for downstream investment through internal accruals; NBFC subsidiary capitalization rules; sectoral caps, entry conditions, reporting obligations (Forms FC-GPR/FC-TRS/DR) and FEMA enforcement mechanisms.
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