Consolidated FDI Policy.

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..... mmitted 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 now have the option of prescribing a .....

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..... ative/ 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 field" (paragraph 4.2.2 of Circular 2 of 2010): A disc .....

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..... reign 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 sector, FDI will now be permitted in the development and production of seeds and planting mater .....

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