2014 · Q115
Which of the following is not the recommendation of the Arvind Mayaram Committee on Rationalizing the FDI/FPI definition (June 2014)?
General KnowledgeCurrent Affairs
- AForeign investment of 10 per cent or more in a listed company will be treated as foreign direct investment (FDI)
- BIn a particular company, an investor can hold the investments either under the FPI (Foreign Portfolio Investment) route or under the FDI route, but not both
- CAny investment by way of equity shares, compulsorily convertible preference shares/debentures which is less than 10 per cent of the post-issue paid up equity capital of a company shall be treated as FPI
- DOn NRI Investors, the Committee recommended treating non-repatriable investment as FDI
Explanation
The committee recommended treating non-repatriable NRI investment as domestic investment, not FDI.