unite FDI insurance    April 2011 www.deloitte.com/in    Background     unknown  manoeuvre Investment (FDI) Regulatory  manakin  MinistryofCommerceandIndustry(Department ofIndustrialPolicyandPromotion),Governmentof India(GOI)hadreleasedConsolidatedFDIPolicyvide  flyer1of2010dated31 process2010whichwas effectivefrom1April2010.  Thepolicydocumenthadconsolidated in all  anteriorpolicies/regulationsonFDIissuedbythe DepartmentofIndustrialPolicyandPromotion(DIPP) andtheReserveBankofIndia(RBI).Further,ithas beenindicatedthatthepolicywouldbeineffectup to30September2010andsubjectto  redirect examinationeverysix monthstoreflectallchangesintheregulationsduring the interferesixmonths.AccordinglytheDIPP hadreleasedthe rewriteConsolidatedFDIPolicyvide Circular2of2010dated30September2010which waseffectivefrom1October2010andlapsedon31 March2011.  DIPPhasnowreleasedtherevisedConsolidatedFDI PolicyvideCircular1of2011dated31March2011 whichiseffectivefrom1April2011.     IthasbeenindicatedthattheCircul   arconsolidates allpriorpolicies/regulationsonFDIissuedwithin theinterveningperiodandreflectthe onlinepolicy frameworkonFDI.

Thecircularisnot meanto makechangesintheexistingregulations.Furtherall  primitivelyPressNotes/PressReleases/Clarificationson FDIissuedbytheDIPPstandrescinded.  Ithasbeen purethatanythingdoneorany actiontaken infratherescindedPressNotes/Press Releases/Clarificationspriorto31March2011shall beeffectiveandvalidsubjecttotheconditionthatit wasnot contrarywiththosePressNotes/Press Releases/Clarifications.  Thelegalstructureofthecircularis createon notificationsissuedbyReserveBankofIndia(RBI) underForeignExchangeManagementAct,19   99 (FEMA).Hence,anycorrespondingchange doby !   RBIfromtimetotime...If you want to  need a full essay, order it on our website: 
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