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

..... ime, 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 upfront, companies will no .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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 the same fie .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... classified into only two categories companies owned or controlled by foreign investors and companies owned and controlled by Indian residents . The earlier categorisation of investing companies , operating companies and investing-cum-operating companies has been done away with. (v) Development of Seeds (paragraph 5.2.1 of Circular 1 of 2011): In the agriculture se .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X