India Desk News Alert
May 2011
The Government of India has recently issued the Circular No 1 of 2011 (the “Circular”) to update the Foreign Direct Investment (FDI) policy. This is effective from 1 April 2011. Some of the key changes brought about by the Circular are listed below:
- Existing foreign investors in joint venture/ collaboration in the “same field’
- Pricing of convertible investment instruments
- Issuance of shares in Indian investment in lieu of capital expenditure and pre-incorporation expenditures borne by foreign investors
- Non-banking Finance Company (NFBC)
- Downstream investment by Indian companies.
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Contacts
- Abhijit Ghosh
- Partner, Corporate Tax
- Tel: +65 6236 3888
- Shefali N Deshmukh
- Senior Manager, Corporate Tax
- +65 6236 3710
- Megha Khandelwal
- Senior Tax Consultant, Corporate Tax
- +65 6236 3603
Of further interest