IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 15 Sep 2015 | Removal date: open ended

FDI: Entry and ownership rule

On 15 September 2015, the Department of Industrial Policy and Promotion issued Press Note No. 9 (2015 series) allowing FDI through two additional instruments. Under the new rules, foreign investors may also purchase partly paid equity shares and share warrants.
 
Preference shares and convertible debentures are, as before, required to be fully paid.

AFFECTED COUNTRIES

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