https://www.taxtmi.com/news?id=12823 The report simplifies foreign investment classification into two categories: FDI, marked by lasting interest and normally signified by ownership of 10 percent or more of ordinary shares or voting power, and FPI, covering tradable, anonymous holdings. It merges FII and QFI into the FPI regime, subjects FPIs to takeover and persons-acting-in-concert rules, and places verification obligations on investee companies. Holdings at or above the threshold in listed companies are treated as FDI; existing FDI below the threshold continues as FDI; unlisted company investments may be treated as FDI irrespective of level; below-threshold investments can convert to FDI if raised to the threshold within one year. en-us Mon, 23 Jun 2014 10:02:42 +0530 Mon, 23 Jun 2014 10:02:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12823 The report simplifies foreign investment classification into two categories: FDI, marked by lasting interest and normally signified by ownership of 10 percent or more of ordinary shares or voting power, and FPI, covering tradable, anonymous holdings. It merges FII and QFI into the FPI regime, subjects FPIs to takeover and persons-acting-in-concert rules, and places verification obligations on investee companies. Holdings at or above the threshold in listed companies are treated as FDI; existing FDI below the threshold continues as FDI; unlisted company investments may be treated as FDI irrespective of level; below-threshold investments can convert to FDI if raised to the threshold within one year. News - Mon, 23 Jun 2014 10:02:42 +0530 https://www.taxtmi.com/news?id=12823