Documents Required For FDI Approval in India
FDI or foreign direct investment occurs when a foreign entity (individual or firm) invests in a business that is based in another country. Now, FDI does not simply mean the transfer of monetary funds from one country to another; it is characterized by the notion of lasting interest. This lasting interest in a business that is situated in another country is ensured when the foreign investor is given a minimum of 10 per cent voting rights in the company. In…