INDIA: Amendment to India Foreign Direct Investment Policy definition of “control”

Friday August 23 2013

The Government of India has revised the India Foreign Direct Investment Policy definition of “control” as contained in the Consolidated FDI Policy. Effective immediately, the definition that applies shall be as follows:

“Control” shall include the right to appoint a majority of the directors or to control the management or policy decisions including by virtue of their shareholding or management rights or shareholders agreements or voting agreements”.

Click on the above link for the Press Note.