[ad_1] The Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, vide its Press Note No. 1 (2022 series) has amended the FDI policy to allow investment in Life Insurance Corporation of India (LIC) and provide clarifications on various . The highlights of the major amendments introduced through the Press Note to the provisions of the FDI policy are as follows: 1. Convertible Note The amendment has increased the maximum period for conversion of convertible note into equity shares issued by startups. Earlier, convertible notes were…