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August 2015

A. P. (DIR Series) Circular No. 2 dated 3rd July, 2015

By Gaurang Gandhi Chartered Accountant

Reading Time 1 mins

Investment in companies engaged in tobacco related activities

This circular clarifies that prohibition with respect to Foreign Direct Investment (FDI) applies only in case of manufacture of cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes. In case of other activities viz. wholesale cash and carry, retail trading, etc., concerning cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes, FDI will be governed by the sectoral restrictions laid down in the FDI policy as amended from time to time.

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August 2015

A. P. (DIR Series) Circular No. 2 dated 3rd July, 2015

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August 2015

A. P. (DIR Series) Circular No. 2 dated 3rd July, 2015

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A. P. (DIR Series) Circular No. 1 dated 2nd July, 2015

A. P. (DIR Series) Circular No. 4 dated 16th July, 2015