India may set 10% beneficial ownership cap for FDI flowing from 7 countries

India is likely to set a 10 per cent ‘beneficial ownership’ cap for foreign direct investment (FDI) flowing from seven bordering countries including China. Beyond this, a government nod would be required for any investing entity or individual from these nations. The 10 per cent threshold is in line with the rules for significant beneficial owners (SBOs) under the Companies Act, 2013. According to these norms, companies must take necessary steps to identify such owners if they don’t reveal themselves. SBOs, under this definition, are mandatorily required to make elaborat.....

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel
Key stories on are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.