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Which of the following committee was associated with the definition of FDI & FII?

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Which of the following committee was associated with the definition of FDI & FII?
1). Mayaram committee
2). Saxena committee
3). Sengupta committee
4). Tarapore committee


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Answered by on | Votes 1 |
  • It was headed by Finance Secretary and was set up to rationalize the definitions of FII and FD
  • Foreign investment of 10% or more in a listed company will now be treated as FDI.
  • If the stake is not raised to 10% or above, then the investment can be treated as portfolio investment.

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