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of <h1>India Redefines FDI Control: Expands Definition to Include Influence Through Shareholding and Agreements.</h1> The Cabinet Committee on Economic Affairs approved an amendment to the foreign direct investment (FDI) policy, redefining 'control' in Indian companies. Previously, control was defined by the ability of resident Indian citizens and companies to appoint a majority of directors. The new definition expands control to include the right to appoint directors or influence management and policy decisions through shareholding, management rights, shareholder agreements, or voting agreements. This aligns with the Substantial Acquisition of Shares and Takeovers Regulations, 2011, and the Companies Bill, 2012, broadening the scope of what constitutes control in FDI contexts.
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