FDI SOP: Inter-ministerial panel for delayed proposals, strong review mechanism, crisp timelines
NEW DELHI: All mergers and acquisitions involving foreign direct investment will require approval of the National Company Law Tribunal as a “necessary precondition,” the government said. Investors are required to submit 23 documents, of which nine are mandatory instead of 20 earlier, according to the updated Standard Operating Procedure for Processing FDI Proposals issued by … Read more