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English Release 1-March 2015
Date Month Year
  • Prime Minister's Office
  • PM's address at event to mark completion of 25 years of NASSCOM
  • PM writes to Afghan President Dr. Ashraf Ghani, condoles loss of lives in avalanches
  • Min for Develop. of North-East Region
  • Dr. Jitendra Singh hails Rs 2,362 crore budget allocation for the Northeast
  • Min of Coal
  • Opening of Applications for Allotment of Schedule 1 Coal Mines
  • Ministry of Finance
  • Change In Tariff Value of Crude Palm Oil, Rbd Palm Oil, Others – Palm Oil, Crude Palmolein, Rbd Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades), Poppy Seeds, Areca Nuts, Gold And Silver Notifie
  • New Investment Pattern For Non-Government Provident Funds, Superannuation Funds And Gratuity Funds With Effect From 1st April, 2015
  • International Financial Services Centre (IFSC)
  • Banking Reforms
  • Changes proposed in priority sector lending (psl)-regarding
  • Steps Being Taken for Increasing Financing to Micro, Small And Medium Enterprises (Msmes)
  • Micro Units Development and Refinance Agency (Mudra) Bank
  • Introduction of the Atal Pension Yojana
  • Highlights of The Pradhan Mantri Jeevan Jyoti Bima Yojana
  • Highlights of the Pradhan Mantri Suraksha Bima Yojana (Pmsby – Scheme 1 - for Accidental Death Insurance)
  • Min of Parliamentary Affairs
  • Parliament to take up Ordinances Replacement Bills in the second week of Budget Sessio

Previous Date

 
Ministry of Commerce & Industry01-August, 2013 21:39 IST
Review of the policy on foreign direct investment-definition of the term "control", for calculation of total foreign investment i.e. direct and indirect foreign investment in Indian companies

The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Industrial Policy & Promotion for amendment to the existing definition of "control" under the FDI policy. The revised definition will be as follows:

Until now, the definition of "control", in the extant FDI policy is as under: "A company is considered as "controlled" by resident Indian citizens if the resident Indian citizens and Indian companies, which are owned and controlled by resident Indian citizens, have the power to appoint a majority of its directors in that company".

The CCEA has now approved to define “control” as below:
" 'Control' shall include the right to appoint a majority of the directors or to control the management or policy decisions including by virtue of their shareholding or management rights or shareholders agreements or voting agreements."

The revised definition of 'control' will expand the definition of 'control' to cover 'control' exercisable inter-alia through management and policy decisions, shareholding, management rights, shareholder agreements and ensure alignment with the definition as per the Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011 and the definition proposed in the Companies Bill, 2012.

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SC/NK/SKS
(Release ID :97545)

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