The Reserve Bank of India (RBI) has vide its Notification dated 4 July 2013, issued comprehensive guidelines on the calculation of total foreign investment in Indian companies, transfer of ownership and control of Indian companies and downstream investment by Indian companies (“Guidelines”). These Guidelines are pertinent in the resolution of the ongoing debate regarding the stake bought by Etihad in Jet Airways.
Foreign-Direct-Investment-Norms-–-Guidelines-for-Calculation-of-Foreign-Investment-July-20
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