FDI Policy definition

FDI Policy means the consolidated FDI Policy, effective from October 15, 2020, issued by the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India, and any modifications thereto or substitutions thereof, issued from time to time;

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FDI Policy shall have the meaning ascribed to it in the RFP;

FDI Policy means the Foreign Direct Investment Policy issued by

Examples of FDI Policy in a sentence

• Further, sector specific restrictions may also be prevalent in certain cases (for instance, the FDI Policy of 2014 which lays down the guidelines for the transfer of shares between resident and non-resident entities disallows the use of a non-compete clause in the case of the pharmaceuticals sector except in special circumstances with the approval of the Foreign Investment Promotion Board).

• Similarly, the approval of the Foreign Investment Promotion Board may be required if the transaction breaches the sectoral caps or conditionalities as specified under the Consolidated FDI Policy.

• The term 'entity' of a country shall have the same meaning as under the FDI Policy of DPIIT as amended from time to time.

• The consolidated FDI Policy governs permissibility of foreign investment in the real estate sector in India along with compliance parameters and exit of such investors.

• The foreign investment made in the Company including any investment made by the Company in its Subsidiaries abroad have been made in compliance with FEMA and other Applicable Law, including the FEMA Non-Debt Rules, FDI Policy and any applicable press note and guideline issued thereunder.

• All the transactions contemplated under this Agreement shall comply with the provisions of FEMA and the Consolidated FDI Policy dated October 15, 2020, issued by the Government of India.

• The term ‘entity’ of a country shall have the same meaning as under the FDI Policy of DPIIT as amended from time to time.

• Further, the Company Entities will be in breach of the FEMA Non-Debt Rules, FDI Policy and any applicable press note and guidelines issued thereunder with respect to the direct foreign investment and the indirect foreign investment received pursuant to the IPO.

• The provisions of the Loan Agreement, as amended by this Third Amendment, shall remain in full force and effect following the effectiveness of this Third Amendment.

• Further, foreign investment in the Company, including through the IPO, to the extent of 100% is, and has been, permitted under the automatic route and there are no sectoral conditions under the FDI Policy.

More Definitions of FDI Policy

FDI Policy means the consolidated foreign direct investment policy of the Government of India issued by the Department of Industrial Policy and Promotion of the Ministry of Commerce and Industry on 28 August 2017. “Flipkart Marks” has the meaning assigned to such term in Section 2.10(t). “fraud” means fraud within the meaning of Delaware law, with scienter, as defined in accordance with Delaware law. “Fully Diluted Share Number” means an amount equal to the sum of, without duplication: (a) the aggregate number of Company Ordinary Shares issued and outstanding immediately prior to the Closing; plus (b) the aggregate number of Company Ordinary Shares that would be issuable upon the conversion of the Company Preference Shares that are issued and outstanding immediately prior to the Closing; plus (c) the aggregate number of Company Ordinary Shares purchasable under or otherwise subject to Company Options or Company Warrants outstanding immediately prior to the Closing; plus (d) the aggregate number of Company Ordinary Shares issuable upon the conversion of Company Preference Shares purchasable under or otherwise subject to Company Warrants outstanding immediately prior to the Closing; plus (e) the aggregate number of Company Ordinary Shares purchasable under or otherwise subject to any right (other than a Company Option or a Company Warrant) to acquire Company Shares (whether or not immediately exercisable) outstanding immediately prior to the Closing (in each case, determined on an as-converted-to- Company Ordinary Shares basis); plus (f) the aggregate number of Company Ordinary Shares that would be issuable upon the conversion of any convertible securities of the Company (other than Company Preference Shares) outstanding immediately prior to the Closing. “Fundamental Company Representations” means: (a) the representations and warranties set forth in Sections 2.1(a) (Due Organization; Etc.), 2.3 (Capitalization), 2.10(t) (Use of Name; Trademark 9

FDI Policy means the foreign direct investment policy issued by the Government of India effective from October 15, 2020, the Foreign Exchange Management (Non-debt Instrument) Rules, 2019, the erstwhile foreign direct investment policy issued by the Government of India dated August 28, 2017, FEMA 20(R)/2017-RB, dated November 7, 2017 and includes all amendments, notifications, rules, regulations, circulars and guidelines issued thereunder or under any Applicable Laws applicable to foreign direct investment in India;

FDI Policy as on a particular date means the government policy and the regulations (including the applicable provisions of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017) issued by the Government of India from time to time;