Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Fourteenth Amendment) Regulations, 2014 - 320/2014-RB - Foreign Exchange Management
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Foreign investment in railway infrastructure permitted automatically, subject to sectoral guidelines and security review for sensitive cases. Regulations amend Schedule 1: Annexure A now lists specified sectors prohibited for FDI, and Annexure B redefines 'Infrastructure' and 'Common Facilities' for industrial parks. Multiple schedule entries are renumbered and a new entry permits foreign investment on an automatic route in a range of railway infrastructure activities, subject to ministry guidelines and case-by-case security review for investments in sensitive areas. The amendments are effective from August twenty-seventh, twenty fourteen, with a clarification that no person will be adversely affected by retrospective effect.
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Provisions expressly mentioned in the judgment/order text.
Foreign investment in railway infrastructure permitted automatically, subject to sectoral guidelines and security review for sensitive cases.
Regulations amend Schedule 1: Annexure A now lists specified sectors prohibited for FDI, and Annexure B redefines "Infrastructure" and "Common Facilities" for industrial parks. Multiple schedule entries are renumbered and a new entry permits foreign investment on an automatic route in a range of railway infrastructure activities, subject to ministry guidelines and case-by-case security review for investments in sensitive areas. The amendments are effective from August twenty-seventh, twenty fourteen, with a clarification that no person will be adversely affected by retrospective effect.
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