https://www.taxtmi.com/circulars?id=53833 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. en-us Thu, 30 Jul 2015 00:00:00 +0530 Wed, 12 Aug 2015 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53833 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. Circulars FEMA Thu, 30 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53833