Which of the following is not the recommendation of the Arvind Mayaram Committee on Rationalizing the FDI/FPI definition (June 2014) ?

Options

1. a.

   Foreign investment of 10 per cent or more in a listed company will be treated as foreign direct investment

2. b.

   In a particular company, an investor can hold the investments either under the FPI (Foreign Portfolio Investment) route or under the FDI route, but not both

3. c.

   Any investment by way of equity shares, compulsorily convertible preference shares/debentures which is less than 10 per cent of the post-issue paid up equity capital of a company shall be treated as FPI

4. d.

   On NRI Investors, the Committee recommended treating non-repatriable investment as FDI

   Correct answer