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Clarifying Definition Of ‘Control’ Makes Sense: Dinesh Kanabar

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Another issue that was discussed and cleared by the Cabinet is the definition of control, as in the Jet-Etihad deal, bringing it in line with that in the Companies Act. How will this updated definition affect the foreign investment in the sectors which have seen FDI opening up? Dinesh Kanabar, Deputy CEO at KPMG, welcomes the move and says giving the idea of control “definitiveness” will help avoid future confusion.