Consolidated FDI policy wef 1st october 2010

Department of Industrial Policy and Promotion has issued consolidated FDI policy vide circular 2 of 2010 dated 30-9-2010.

The Circular 1 of 2010 issued by this Department on 31st March 2010 and consolidated into one document all the prior policies/regulations on FDI which are contained in FEMA, 1999, RBI Regulations under FEMA, 1999 and Press Notes/Press Releases/Clarifications issued by DIPP and reflected the current policy framework on FDI. The present consolidation subsumes and supersedes all Press Notes/Press Releases/Clarifications/ Circulars issued by DIPP, which were in force as on September 30th, 2010, and reflects the FDI Policy as on October 1st, 2010. This Circular accordingly will take effect from October 1, 2010. Its next revision will be published on 31.03.2011.

Click here for the text of the circular.