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unite FDI insurance April 2011 www.deloitte.com/in Background unknown manoeuver Investment (FDI) Regulatory manakin MinistryofCommerceandIndustry(Department ofIndustrialPolicyandPromotion),Governmentof India(GOI)hadreleasedConsolidatedFDIPolicyvide flyer1of2010dated31 process2010whichwas effectivefrom1April2010. Thepolicydocumenthadconsolidated in all anteriorpolicies/regulationsonFDIissuedbythe DepartmentofIndustrialPolicyandPromotion(DIPP) andtheReserveBankofIndia(RBI).Further,ithas beenindicatedthatthepolicywouldbeineffectup to30September2010andsubjectto direct examinationeverysix monthstoreflectallchangesintheregulationsduring the interferesixmonths.AccordinglytheDIPP hadreleasedthe rewriteConsolidatedFDIPolicyvide Circular2of2010dated30September2010which waseffectivefrom1October2010andlapsedon31 March2011. DIPPhasnowreleasedtherevisedConsolidatedFDI PolicyvideCircular1of2011dated31March2011 whichiseffectivefrom1April2011. IthasbeenindicatedthattheCircular consolidates allpriorpolicies/regulationsonFDIissuedwithin theinterveningperiodandreflectthe onlinepolicy frameworkonFDI.

Thecircularisnot meanto makechangesintheexistingregulations.Furtherall primitivelyPressNotes/PressReleases/Clarificationson FDIissuedbytheDIPPstandrescinded. Ithasbeen purethatanythingdoneorany actiontaken infratherescindedPressNotes/Press Releases/Clarificationspriorto31March2011shall beeffectiveandvalidsubjecttotheconditionthatit wasnot contrarywiththosePressNotes/Press Releases/Clarifications. Thelegalstructureofthecircularis createon notificationsissuedbyReserveBankofIndia(RBI) underForeignEx changeManagementAct,1999 (FEMA).Hence,anycor! respondingchange doby RBIfromtimetotime...If you want to subscribe to a full essay, order it on our website: BestEssayCheap.com

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