https://www.taxtmi.com/circulars?id=4182 Foreign direct investment for up-linking of TV channels is permitted under differentiated ceilings with prior government approval: 49% for up-linking HUBs/teleports; 100% for non-news and current-affairs channels; and 26% (including FII/NRI investment) for news and current-affairs channels, subject to portfolio investors not acting in concert with FDI investors and annual certification of compliance. Indirect foreign holdings in Indian shareholder companies must be reckoned pro-rata, and all FDI is subject to compliance with broadcasting laws and the Government's Uplinking Policy. en-us Fri, 13 Jan 2006 00:00:00 +0530 Tue, 30 Sep 2008 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4182 Foreign direct investment for up-linking of TV channels is permitted under differentiated ceilings with prior government approval: 49% for up-linking HUBs/teleports; 100% for non-news and current-affairs channels; and 26% (including FII/NRI investment) for news and current-affairs channels, subject to portfolio investors not acting in concert with FDI investors and annual certification of compliance. Indirect foreign holdings in Indian shareholder companies must be reckoned pro-rata, and all FDI is subject to compliance with broadcasting laws and the Government's Uplinking Policy. Circulars FEMA Fri, 13 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4182