Amendment to FDI Policy due to current COVID-19 pandemic
DPIIT
issued the Press Note 3 (2020 series) - As per the Press Note, The Government of India
("GOI") has taken some special measure for curbing opportunistic
takeover/acquistions of Indian Companies due to the current COVID-19 pandemic.
The GOI has undertaken measures as under
Now following person can invest into India
subject to government approval
1.
Non-Resident entity or
2.
Beneficial owner of investment into India or
3.
Citizen
Of Country
which shares land border with India.
Earlier Government approval required in case investor is from Bangladesh or
Pakistan.
List of countries
which sharing land border with India
1. Pakistan
2. China
3. Nepal
4. Bhutan
5. Myanmar
6. Bangladesh
the share proportion is only 1% how it shall be categorised as an FDI Investment sir?
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