The foreign investment through investing Indian company will not be taken into account in determining the sector FDI cap, the government said. As per the revised norms, the equity investments routed through companies in which the majority ownership and control is in the hands of Indians would be treated as fully domestic equity. These changes are approved by the Cabinet Committee on Economic Affairs (CCEA) in the guidelines for calculating the total foreign investment, direct and indirect in Indian companies. The objective of this move is to make it simple as well as transparent.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment