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

Options

A. a Foreign investment of 10 per cent or more in a listed company will be treated as foreign direct investment (FDI)
B. 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
C. c Any investment by way of equity shares, compulsorily convertible preference shares/debentures which is less than 10 per cent of the postissue paid up equity capital of a company shall be treated as FPI
D. d On NRI Investors, the Committee recommended treating nonrepatriable investment as FDI