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    Clarification on FDI amendments

    Posted By : damini / Published on : 22-Apr-2020 11:16 AM / View : 219 / Comment : 0
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    ear Members,

    There are many news on amendments to current FDI policy in India.

    Please share the amendments/notification if any on same.

    Also as read "An entity of a country, which shares land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country, can invest only under the government route," according to a press note by the Department for Promotion of Industry and Internal Trade (DPIIT).

    In my scenario the Indian company is WOS of a Singapore company which holds 99% of shares and the investment was under automatic route. Now the Indian company has proposed to make a right issue.

    In my opinion this new amendment to FDI do not apply here as Singapore do not share land border nor it indirectly getting fund from any of such border sharing countries. Hence Govt approval is not necessary.

    Please share your views.

    Q. Curtsy
    Read more on : amendments clarification

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