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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 facility sharing agreement through leasing/sub-leasing arrangements within group companies for the larger purposes of business activities would be constructed to mean real estate business within the provisions of Consolidated FDI Policy Circular of 20 .....

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