Consolidated FDI Policy.

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...., effective 1.4.2010. At that time, Government had committed to updating this document every six months. The second edition was released, effective from 1.10.2011. 2. The following major changes have been incorporated in the latest consolidation: (i) Pricing of Convertible instruments (paragraph 3.2.1 of Circular 1 of 2011 ): Instead of specifying the price of convertible instruments u....

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....inery/ equipment (including second-hand machinery) (b) pre-operative/ pre-incorporation expenses (including payments of rent etc.) This measure, which liberalises conditions for conversion of non-cash items into equity, is expected to significantly ease the conduct of business. (iii) Removal of the condition of prior approval in case of existing joint ventures/ technical collaborations in....