Home » FEMA » DIPP Removes restriction on Options

DIPP Removes restriction on Options

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 372 other followers

Tags

Twitter Feed

After the furore created by the DIPP stating that in-built options linked to non-resident shareholding would make such instruments ineligible for FDI and require compliance with the external commercial borrowing guidelines, the DIPP has now come out with a new circular, which now deletes Para 3.3.2.1 of the original circular (see http://dipp.gov.in/English/acts_rules/Press_Release/pr31102011.pdf).

Options will continue to be considered as FDI.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: