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Which of these was NOT a recommendation of the Aarvind Mayaram Committee (June 2014) on rationalising the FDI/FPI definition?

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1. Which of these was NOT a recommendation of the Aarvind Mayaram Committee (June 2014) on rationalising the FDI/FPI definition?

Foreign investment of 10% or more in a listed company should be treated as FDI

An investor cannot hold investments under both the FPI and FDI routes in the same company

Equity or convertible instruments below 10% of post-issue paid-up capital should be treated as FPI

NRI non-repatriable investment should be treated as FDI

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