REGULATORY UPDATE: DEPARTMENT OF INDUSTRIAL POLICY AND PROMOTION-NOTIFICATION OF CONSOLIDATED FDI POLICY CIRCULAR OF 2017

The Department of Industrial Policy & Promotion (DIPP) has released its consolidated Foreign Direct Investment (FDI) Policy 2017 on 28 August 2017 incorporating all the changes in rules and procedures notified by the government since the previous edition. The consolidated policy lays down the conditions on FDI, entry routes to invest in India and procedures for government approval and sector-specific conditions on FDI. The key changes include inclusion a separate section for start-ups, changes in downstream investment intimation, issuance of shares against Pre-incorporation expenses, liberalisation of FDI in key sectors viz Defence, Pharmaceuticals, Broadcasting, etc. The full text of FDI Policy 2017 is available on the below link. Source:http://dipp.nic.in/sites/default/files/CFPC_2017_FINAL_RELEASED_28.8.17.pdf

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