FIPP approval

    Posted By : damini / Published on : 17-Oct-2019 11:10 AM / View : 268 / Comment : 0
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    Dear All,

    Back Ground of the Company:

    The Company is under brownfield sector under FDI rules. The company got approvals from FIPP for complete transaction and now the company become 100% foreign subsidiary in 2018.

    My query

    Now the Foreign company plan to Invest more in the equity now the company again need to approach FIPP

    As per consolidated FDI policy 2017

    4.2 Cases which do not require Fresh Approval ( Page No. 20 )

    IV Additional foreign investment up to cumulative amount of Rs 5000 crore into the same entity within an approved foreign equity percentage/or into a wholly owned subsidiary.
    Read more on : approval fipp

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