tag:blogger.com,1999:blog-3202774368551476669.post3801774357331276982..comments2023-09-15T16:21:31.980+05:30Comments on INDIAN CORPORATE LAW: Composite Caps for Foreign InvestmentUmakanth Varottilhttp://www.blogger.com/profile/12438677982004444359noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3202774368551476669.post-82353463122082891032015-07-31T13:31:51.873+05:302015-07-31T13:31:51.873+05:30@Anonymous. Your position as stated above seems to...@Anonymous. Your position as stated above seems to have been clarified/confirmed in the Press Note issued by the DIPP - http://indiacorplaw.blogspot.sg/2015/07/composite-caps-for-foreign-investment_31.html.Umakanth Varottilhttps://www.blogger.com/profile/12438677982004444359noreply@blogger.comtag:blogger.com,1999:blog-3202774368551476669.post-72149592443214518562015-07-22T18:18:15.474+05:302015-07-22T18:18:15.474+05:30I think the cabinet note is clear on this. Para 6....I think the cabinet note is clear on this. Para 6.2 (vi) clearly says "total foreign investment, direct and indirect, in an entity will no exceed the sectoral/statutory cap"<br /><br />For example, if the investment limit is mentioned 26% in 'publication of newspaper and periodicals dealing with news and current affairs", the foreign investment cannot exceed 26% in that sector; and if the investment limit is mentioned 100% with government approval route (publishing/ printing of scientific journals etc), in this case, automatic portfolio investment (i.e., investment by entities under schedule 2, 2A and 3) is allowed upo 49% without any government approval.<br /><br />Please correct/ confirm my understanding.Anonymousnoreply@blogger.com