Foreign Direct Investment policy alignment brings Consolidated FDI sectoral conditions into FEMA regulations, requiring dealer bank notification. Annex B to Schedule 1 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 has been revised to align sector descriptions, entry norms, sectoral caps and conditions for FDI under the Automatic and Government routes with the Consolidated FDI Policy Circular of 2014. The Reserve Bank effected these changes via the Tenth Amendment Regulations, 2014, and directed Authorised Dealer Category I banks to inform their constituents; the directions are issued under sections 10(4) and 11(1) of FEMA, 1999 and remain subject to other statutory permissions.
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Foreign Direct Investment policy alignment brings Consolidated FDI sectoral conditions into FEMA regulations, requiring dealer bank notification.
Annex B to Schedule 1 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 has been revised to align sector descriptions, entry norms, sectoral caps and conditions for FDI under the Automatic and Government routes with the Consolidated FDI Policy Circular of 2014. The Reserve Bank effected these changes via the Tenth Amendment Regulations, 2014, and directed Authorised Dealer Category I banks to inform their constituents; the directions are issued under sections 10(4) and 11(1) of FEMA, 1999 and remain subject to other statutory permissions.
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