Revision in definition of control
The Reserve Bank of India (RBI) has revised the definition of "Control" in the Foreign Direct
Investment (FDI) policy. '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.
Investment (FDI) policy. '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.
0 comments:
Post a Comment