Corrigendum to Circular 2 Of 2011 - Consolidated FDI Policy.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....orrigendum to Circular 2 Of 2011 - Consolidated FDI Policy. <br>News and Press Release<br>Dated:- 31-10-2011<br><BR>Press Information Bureau Government of India Ministry of Commerce & Industry 31-O....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ctober-2011 16:04 IST Corrigendum to Circular 2 Of 2011 - Consolidated FDI Policy Circular 2 of 2011 was issued on 30th September, 2011. Para NO.3.3.2.1 of the above Circular hereby stands deleted. ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Erstwhile paragraph 3.3.2.1 of 'Circular 2 of 2011' went like this: " 3.3.2.1: Only equity shares, fully, compulsorily and mandatorily convertible debentures and fully, compulsorily and mandatorily c....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....onvertible preference shares, with no in-built options of any type, would qualify as eligible instruments for FDI. Equity instruments issued/transferred to non-residents having in-built options or sup....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ported by options sold by third parties would lose their equity character and such instruments would have to comply with the extant ECB guidelines." This paragraph now stands deleted from 'Circular 2....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... of 2011'. The Circular duly corrected is available at www.dipp.nic.in. *** DS<BR> News - Press release - PIB....