TaxTMI 
TaxTMI 
Foreign Direct investment Policy – definition of ‘group company’
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....oreign Direct investment Policy – definition of ‘group company’ <br>News and Press Release<br>Dated:- 4-6-2013<br><BR>Government of India Ministry of Commerce & Industry Department of Industri....
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....al Policy & Promotion Press Note No. 2(2013 Series) Subject : Foreign Direct investment Policy - definition of 'group company' 1.0 The Government has decided to incorporate the following definition....
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.... of 'group company' in the FDI Policy contained in 'Circular 1 of 2013 - Consolidated FDI Policy', effective from 05-04-2013: 2.1 Definitions 2.1.15 bis "Group company" means two or more enterpris....
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....es which, directly or indirectly, are in a position to : (i) exercise twenty six per cent, or more of voting rights in other enterprise; or (ii) appoint more than fifty per cent, of members of board....
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.... of directors in the other enterprise. 2.0 The above decision will take immediate effect. (D. V. Prasad) Joint Secretary to the Government of India D/o IPP File No. : No. 5/3/2005-FC.I dated 3 Ju....
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....ne 2013 Copy forwarded to: 1. Press Information Officer, Press Information Bureau- forgiving necessary publicity. 2. BE Section in the Department of Industrial Policy and Promotion-for uploading t....
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....he Press Note on DIPP's website. 3. Hindi Division, DIPP for providing Hindi version.<BR> News - Press release - PIB....