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Review of the existing Foreign Direct Investment policy on Partly Paid Shares and Warrants.

FEMA - Press Note No. 09 (2015 Series) - Dated:- 15-9-2015 - Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion Press Note No. 9 (2015 Series) Subject : 1.0 The Government has reviewed the provisio .....

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ted FDI Policy Circular of 2015', effective from May 12, 2015: (i) Para 2.1.5 is amended to read as below: "'Capital' means equity shares; fully, compulsorily & mandatorily convertible preference shares; fully, compulsorily & .....

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es shall be required to be fully paid, and should be mandatorily and fully convertible. Further, 'warrant' includes Share Warrant issued by an Indian Company in accordance to provisions of the Companies Act, as applicable." (ii) Insertio .....

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