REVIEW OF THE EXISTING FOREIGN DIRECT INVESTMENT POLICY ON WARRANTS AND PARTLY PAID SHARES

Published On: 01/09/2015

Authors:

Suneeth Katarki
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.