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Clarification on FDI Policy on Facility Sharing Arrangements between Group Companies

FEMA - File No. 12/15/2009-FC-1 - Dated:- 15-9-2015 - Government of India Ministry of Commerce & Industry Departmental of Industrial Policy & Promotion This Department has received certain references on the issue as to whether entering into f .....

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15. 2. In this regard it is hereby clarified that: Facility sharing agreements between group companies through leasing/sub-leasing arrangements for the larger interest of business will not be treated as real estate business within the provisions pf t .....

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