On May 3, 2024, IN-SPACe released the "Norms, Guidelines, and Procedures for Implementation of Indian Space Policy-2023" (NGP) to lay down the regulatory framework for authorization of space activitie...
Published On: 01/09/2015
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The Department of Industrial Policy and Promotion, Government of India vide press note 9 dated September 16, 2015 ("Press Note") amended the definition of 'capital' and also added paragraph 3.3.3 in the Consolidated Foreign Direct Investment Policy Circular of 2015 ("FDI Policy"). This amendment would now make it possible for persons resident outside India to acquire warrants and partly paid shares.
