Withdrawing the condition of dividend balancing on all foreign investment

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Full Text of the Document

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.... Note No. 12 (1992 series) withdrawing the condition of dividend balancing on all foreign investment approvals except for 22 specified industries in the consumer goods sector. The Government have further reviewed the applicability of dividend balancing and have decided that where dividend balancing was not applied in the first instance as per the then prevalent policy, it would be applicable in th....