TaxTMI 
TaxTMI 
Review of the policy on Foreign Direct Investment (FDI)-Caps and routes in various sectors
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....6.2.2): a) Present Position FDI Cap Entry Route 100% Government b) Revised Position FDI Cap Entry Route No Change No change Note: Besides the above, FDI is not allowed in any other plantation sector/activity. The following clause (i) under 'Other conditions' listed in paragraph 6.2.2.2 is deleted: "(i) Compulsory divestment of 26% equity of the company in favour of an Indian partner/Indian public within a period of 5 years." 1.2 Petroleum and Natural Gas (paragraph 6.2.4.2): Petroleum refining by the Public Sector Undertakings (PSU), without any disinvestment or dilution of domestic equity in the existing PSUs a) Present Position FDI Cap Entry Route 49% Government b) Revised Pos....
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.... the Cabinet Committee on Security (CCS) will be sought by the DoDP in respect of cases which are likely to result in access to modern and 'state-of-art' technology in the country. (xix) Proposals for FDI beyond 26% with proposed inflow in excess of Rs. 1200 crores, which are to be approved by CCS will not require further approval of the Cabinet Committee of Economic Affairs (CCEA). 1.4 Courier Services (paragraph 6.2.10): a) Present Position FDI Cap Entry Route 100% Government b) Revised Position FDI Cap Entry Route No change Automatic 1.5 Telecom Services (paragraph 6.2.15) a) Present Position 6.2.15 Telecom Services Investment caps and other conditions for specified services are given be....
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....om services including Telecom Infrastructure Providers Category-I, viz. Basic, Cellular, United Access Services, Unified license (Access services), Unified License, National/ International Long Distance, Commercial V-Sat, Public Mobile Radio Trunked Services (PMRTS), Global Mobile Personal Communications Services (GMPCS), All types of ISP licences, Voice Mail/Audiotex/UMS, Resale of IPLC, Mobile Number Portability services, Infrastructure Provider Category-I (providing dark fibre, right of way, duct space, tower) except Other Service Providers. 100% Automatic up to 49% Above 49% Government 6.2.15.1 Other Conditions: FDI upto 100% with 49% under automatic route and beyond 49% through FIPB route subject to observance of licensi....
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....luding a copy of the licensing/franchise/sub-licence agreement, specifically indicating compliance with the above condition." 6.2.16.4 (3) "Application seeking permission of the Government for FDI in retail trade of 'Single Brand' products would be made to the Secretariat for Industrial Assistance (SIA) in the Department of Industrial Policy & Promotion. The applications would specifically indicate the product/product categories which are proposed to be sold under a 'Single Brand'. Any addition to the product/ product categories to be sold under 'Single Brand' would require a fresh approval of the Government." Revised paragraphs- 6.2.16.4 (2) (d) "A non-resident entity or entities, whether owner of the brand or otherwise, sha....
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.... registered with the Reserve Bank of India under Section 3 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). a) Present Position FDI Cap Entry Route 74% of paid-up capital of ARC (FDI+FII) Government (for FDI) b) Revised Position FDI Cap Entry Route Upto 100% of paid-up capital of ARC (FDI+FII) Up to 49% Automatic Above 49% Government Clause (i) under 'Other conditions' listed in paragraph 6.2.17.1.2 is revised as under: a) Present Position "(i) Persons resident outside India can invest in the capital of Asset Reconstruction Companies (ARCs) registered with Reserve Bank only under the Government Route." b) Revised Position ....
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....4% only in the CICs listed at the Stock Exchanges, within the overall limit of 74% for foreign investment. 1.11 Infrastructure Company in the Securities Market (paragraph 6.2.17.6.1): Infrastructure companies in Securities Markets, namely, stock exchanges, depositories and clearing corporations, in compliance with SEBI Regulations a) Present Position FDI Cap Entry Route 49% (FDI & FII) [FDI limit of 26 per cent and an FII limit of 23 per cent of the paid-up capital ] Government (for FDI) b) Revised Position FDI Cap Entry Route No Change Automatic 1.12 Power Exchanges (paragraph 6.2.19.1): Power Exchanges registered under the Central Electricity Regulatory Commission (Power Market) Regulations, 201....