22 October, 2019
- Acceptance of Deposits by Issue of Commercial Papers
Regulation 6(3) of the Foreign Exchange Management (Deposit) Regulations, 2016 (‘Deposit Regulations’) permitted an Indian company to issue commercial papers (‘CPs’) to a non-resident Indian or a person of Indian origin or a foreign portfolio investor registered with the Securities and Exchange Board of India (‘SEBI’), subject to the conditions specified therein….
- Review of FDI Policy for Certain Sectors
The Ministry of Commerce and Industry (Department of Promotion of Industry and Internal Trade) has issued a press note on September 18, 2019 (Press Note 4 of 2019) amending the Foreign Direct Investment (‘FDI’) Policy (‘FDI Policy’) to reflect the changes approved by the Union Cabinet on August 28, 2019 in relation to FDI in coal mining, contract manufacturing, single brand retail trading and digital media….
For further information, please contact:
Zia Mody, Partner, AZB & Partners
zia.mody@azbpartners.com
