Tag: FDI
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Insurance Companies: IRDA Seeks Control in Indian Hands
[The following post is contributed by Vinod Kothari of Vinod Kothari & Co. He may be contacted at vinod@vinodkothari.com] The issue of ownership and control of insurance companies in India has been in a state of flux since early this year. While the intent of the Government was clear – to permit FDI up to
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Foreign owned or controlled companies: Is sharing of office infrastructure real estate business?
[The following guest post is contributed by Vinod Kothari of Vinod Kothari & Co.] If a company wholly or majorly owned by non residents allows group or subsidiary companies to share your photocopier, or server, or staff, are you engaged in “real estate business”? The question itself must have startled most: however, a purported clarification
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Composite Caps for Foreign Investment Formalized
We had earlier discussed the Union Cabinet’s decision to create composite caps for foreign investment under various categories. That decision has now been formalized in the form of Press Note No. 8 of 2015 issued by the Department of Industrial Policy & Promotion, Government of India (“DIPP”). In the previous post, we had highlighted two
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Composite Caps for Foreign Investment
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Lack of Regulatory Clarity on Foreign Investment in the Insurance Sector
[The following guest post is contributed by Nivedita Shankar, Senior Associate, Corporate Law Division, Vinod Kothari & Company. The author may be reached at nivedita@vinodkothari.com]. An increase in the threshold limit for foreign investment in insurance companies has been hailed as a major thrust for the insurance sector, which has seen very few players. In
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DIPP Clarification on NRI Investments
[The following guest post is contributed by Dipanjali Nagpal of Vinod Kothari & Co. The author may be contacted at corplaw@vinodkothari.com. This post follows upon an earlier more brief post on the topic.] The Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, Government of India reviewed the Consolidated Foreign Direct Investment
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Liberalization of Investments by Non-Resident Indians
Non-resident Indians (NRIs) have long been considered as a separate category of investors who have enjoyed some privileges compared to other classes of foreign investors. NRIs have been allowed to investment either on a repatriable basis (with more stringent norms) and on a non-repatriable basis (with less stringent norms). Earlier this week, by way of
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Consolidated FDI Policy Circular of 2015
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Revised FDI Norms for Construction Notified
Last month, we had carried a guest post summarising and commenting upon the changes to the FDI norms in the construction industry, which relaxed several conditions. Now the Department of Industrial Policy and Promotion (DIPP) has made these changes effective in the form of Press Note No. 10 (2014 Series).
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Update: Relaxation of FDI Norms for Construction Development Sector
[The following post is contributed by Bhushan Shah at Mansukhlal Hiralal & Company, Mumbai] The Union Cabinet on 29 October 2014 decided to amend the Foreign Direct Investment (FDI) policy in the construction sector, i.e. townships, housing and built-up infrastructure. The press release is available here. The key amendments are as follows: Minimum area to
