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ARTICLE · 19 APRIL 2013

Corporate Law Alert - April 10, 2013

JSA Advocates & Solicitors
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The Department of Industrial Policy and Promotion has issued the Consolidated Foreign Direct Investment Policy.

IndiaCorporate/Commercial Law

Department of Industrial Policy and Promotion issues Consolidated Foreign Direct Investment Policy

The Department of Industrial Policy and Promotion ("DIPP") has issued the Consolidated Foreign Direct Investment Policy ("FDI Policy"). The FDI Policy came into effect on April 5, 2013.

The FDI Policy has incorporated the following Press Notes/RBI Circular which were issued in the preceding year:

Press Note/RBI Circular

Particulars

Press Note 2 of 2012

Downstream investment by a banking company incorporated in India, which is owned and/or controlled by non-residents/ a non-resident entity/ non-resident entities

Press Note 3 of 2012

Investment by citizens of Pakistan and entities incorporated in Pakistan

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