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DIPP Removes restriction on Options

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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 of the original circular (see http://dipp.gov.in/English/acts_rules/Press_Release/pr31102011.pdf).

Options will continue to be considered as FDI.


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