What is the FIPB?
FIPB is a competent body to consider and recommend Foreign Direct Investment (FDI), which do not come under the automatic route. The FIPB has been reconstituted as under : 1) Secretary, Department of Economic Affairs Chairman 2) Secretary, Department of Industrial Policy & Promotion Member 3) Secretary, Department of Commerce Member 4) Secretary (Economic Relations), Ministry of External Affairs Member The Board would be able to co-opt Secretaries to the Government of India and other top officials of financial institutions , banks and professional experts of industry and commerce, as and when necessary. Return to TOP..
Related Questions
- What should be done after SIA / FIPB permission for transfer of existing shares from residents to non-residents has been obtained?
- What should be done after investment is made under the Automatic Route or SIA / FIPB approval?
- Whether FIPB approval is required for 100% EOUs involving FDI from foreign companies?
