https://www.taxtmi.com/circulars?id=4153 All activities are placed under the automatic route for FDI/NRI/OCB investment except proposals requiring an Industrial Licence, proposals where the foreign collaborator has an existing tie up in India, acquisitions of shares in existing Indian companies by foreign/NRI/OCB investors, and proposals outside notified sectoral policy/caps or in prohibited sectors; automatic approvals remain subject to notified sectoral policy and equity caps, RBI monitoring and NIC 1987 classification, with sector specific ceilings and conditions set and certain sectors requiring FIPB approval or remaining closed to such investment. en-us Fri, 11 Feb 2000 00:00:00 +0530 Sat, 18 Oct 2008 13:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4153 All activities are placed under the automatic route for FDI/NRI/OCB investment except proposals requiring an Industrial Licence, proposals where the foreign collaborator has an existing tie up in India, acquisitions of shares in existing Indian companies by foreign/NRI/OCB investors, and proposals outside notified sectoral policy/caps or in prohibited sectors; automatic approvals remain subject to notified sectoral policy and equity caps, RBI monitoring and NIC 1987 classification, with sector specific ceilings and conditions set and certain sectors requiring FIPB approval or remaining closed to such investment. Circulars FEMA Fri, 11 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4153