Full FDI through automatic route permitted in construction development, subject to conditions set out in the Press Note. The Construction Development sector is permitted full Foreign Direct Investment under the Automatic route, subject to the conditions set out in Press Note No.10 (2014 Series) dated December 3, 2014; the Reserve Bank amended the principal FEMA regulations to implement this revision and directed Authorised Dealer Category I banks to notify constituents. The directions are issued under the Foreign Exchange Management Act and remain without prejudice to other statutory permissions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Full FDI through automatic route permitted in construction development, subject to conditions set out in the Press Note.
The Construction Development sector is permitted full Foreign Direct Investment under the Automatic route, subject to the conditions set out in Press Note No.10 (2014 Series) dated December 3, 2014; the Reserve Bank amended the principal FEMA regulations to implement this revision and directed Authorised Dealer Category I banks to notify constituents. The directions are issued under the Foreign Exchange Management Act and remain without prejudice to other statutory permissions.
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