Foreign Exchange Management (Transfer or issue of Security by a Person Resident outside India) (Amendment) Regulations, 2005 - 130/2005 - Foreign Exchange Management
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Foreign investment caps revised: petroleum and pipeline sectors opened subject to policy; domestic airline equity is restricted. Amendments add Natural Gas/LNG Pipelines to Schedule 1 Annexure A and expand Annexure B to permit full foreign investment in petroleum product marketing, oil exploration in small and medium fields, and petroleum product pipelines subject to existing government policy and sectoral regulations; air transport services for domestic airlines are treated differently for nonresident Indians and other foreign investors, with foreign airlines prohibited from direct or indirect equity participation.
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.
Foreign investment caps revised: petroleum and pipeline sectors opened subject to policy; domestic airline equity is restricted.
Amendments add Natural Gas/LNG Pipelines to Schedule 1 Annexure A and expand Annexure B to permit full foreign investment in petroleum product marketing, oil exploration in small and medium fields, and petroleum product pipelines subject to existing government policy and sectoral regulations; air transport services for domestic airlines are treated differently for nonresident Indians and other foreign investors, with foreign airlines prohibited from direct or indirect equity participation.
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