Regarding FDI in digital media Limit

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The permissible Foreign Direct Investment (FDI) limit for digital media in India is currently 26% via the government route. The discussion questions how an existing Indian company that previously accepted 58% FDI complies with this rule. The consensus is that the company should reduce its FDI limit to comply with current regulations, as provisions are generally not affected retrospectively for older companies.

CA Meenakshi

CA Meenakshi (Querist)
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21 September 2021 What is the permissible FDI limit regarding digital media?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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21 September 2021 It is 26% through Government route.

CA Meenakshi

CA Meenakshi (Querist)
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22 September 2021 One Indian company(Deal in Digital India) accepted 58% FDI in that case what is the rule followed by the company
I) to reduce the FDI limit
or
ii) the provision not affected retrospectively, because that is old co.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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22 September 2021 As per my understanding the company should reduce the FDI limit to current scenario.

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