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of <h1>Master Circular 2010 consolidates foreign investment rules in India under FEMA 1999, effective until July 1, 2011.</h1> The Master Circular on Foreign Investment in India, dated July 1, 2010, consolidates the regulatory framework and instructions under the Foreign Exchange Management Act, 1999. It references Notification No. FEMA 20/2000-RB and its amendments, covering foreign investment in India, including capital investment in partnership firms or proprietary concerns. This circular, issued by the Reserve Bank, includes an appendix listing underlying circulars and notifications. It is valid for one year, expiring on July 1, 2011, when it will be replaced by an updated version.
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