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of <h1>RRA 2.0 Withdraws 2015 Circular on Foreign Investment by FPIs; Immediate Effect for Authorized Dealer Category-I Banks.</h1> The Regulations Review Authority (RRA 2.0) has issued interim recommendations leading to the withdrawal of A.P. (DIR Series) Circular No.6, dated July 16, 2015, concerning Foreign Investment in India by Foreign Portfolio Investors. This decision is effective immediately and is directed at Authorized Dealer Category-I banks. The circular is issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999, and does not affect any other legal permissions or approvals that may be required.
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