FDI Reforms Take Effect

We had earlier
discussed
the key aspects of the FDI reforms proposed by the Government.
Unlike the previous occasion where the Government had to keep the FDI reforms
in the retail sector in suspended animation, this time it was quick to notify
the reforms that have now taken legal effect, as follows:
Press
Note No. 4 (2012 series)
: FDI in single-brand product retail trading;
Press
Note No. 5 (2012 series)
: FDI in multi-brand retail trading;
Press
Note No. 6 (2012 series)
: FDI in the civil aviation sector;
Press
Note No. 7 (2012 series)
: FDI in the broadcasting sector; and
Press
Note No. 8 (2012 series)
: FDI in power exchanges.

These changes have taken into effect from September 20, 2012.

About the author

Umakanth Varottil

Umakanth Varottil is an Associate Professor at the Faculty of Law, National University of Singapore. He specializes in corporate law and governance, mergers and acquisitions and cross-border investments. Prior to his foray into academia, Umakanth was a partner at a pre-eminent law firm in India.

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