FDI with even the smallest holding will need gt nod
NEW DELHI: Foreign direct investment (FDI) proposals with even minuscule holding will need go nment approval, with the Centre abandoning its earlier plan to set a floor for “significant beneficial ownership”.
In April, when the Cabinet approved the plan for screening of FDI proposals from countries bordering India, the go nment had discussed the option to set the threshold at either 10%, the provision in the Companies Act, or 25%, the prescription in the Prevention of Money Laundering Act.
But six months later, after multiple rounds of discussions, the view seems to have changed. “The (Cabinet) decision did not mention a minimum or mamum limit. So, even it is a small fraction, it will be covered,” a go nment offi al told TOI.
A threshold for “significant beneficial ownership” was meant to ensure that companies did not enter India via third countries such as Singapore or Mauritius.
The move is being closely watched by start-ups, ranging from Paytm to Zomato to BigBasket, which have investment. Several proposals are also pending go nment approval.
Sources said an inter-ministerial group met this week and started work on preparing guidelines which would be followed by ministries ranging from commerce and industry to power and telecom. “These will be guidelines to guide ministries on proposals, they will not be binding,” an offi al said.
Offi als said they are looking to finalise guidelines in the next few days, which will also include FDI flows from , while Tese investments are expected to be exempted from the requirement of mandatory clearance.
译文来源：三泰虎 http://www.santaihu.com/p/51090.html 译者：Jessica.Wu
Good move, make sense.
Bchandran Nair V
Go nment should have done at in the begng itself
We are on track....Jai ho
Freeze direct and indirect investments from .
Why not ask big players like ambani adani tata to stop purchaing from , why not ban aomi oppo vivo in India, why only FDI?
India is showing the way to the world. Do not placate a Bully, some day it will bully you too.
About time we all support the go nment and do our own little bits to boycott goods.
Border tensions will always be there with . Better for India to come up with a long term plan with regard to everything related to .
Gt 's intention is appropriate, considering the neighbour, whose integrity and sincerity towards neighbourly relationship are doubtful....
krishna nand tewari
A neighbor who refuses to demarcate boundary is certainly having e l intensions. How one can have normal relationship with such Nations.
Dont allow fdi .
Prevent indirect take over of Indian firms by the commies!! Must be cautious for all the developments in the financial area.
No business with CHINKS at all. Period.
Swift action needed ag inst economic intrusion with determination.
Boycott not only all products but even those shopkeepers who sale goods.This will set the anti-national shopkeepers.
A welcome step..But more to be done..Complete banning of investments by in Indian firms is the need of the hour...Gt must take all necessary steps in this direction...
Boycott all the companies with investment and it is all people hands.