https://www.taxtmi.com/circulars?id=4189 The Press Note liberalises foreign investment by extending the automatic route and increasing permissible foreign equity in designated sectors while retaining sectoral licensing and regulatory conditions. It removes mandatory divestment in B2B e-commerce, allows resident-to-non-resident share transfers in financial services under automatic entry subject to applicable sector policy, and consolidates a sectoral annex that lists prohibited sectors, cases requiring prior government approval, sector-specific caps, entry routes and conditionalities such as licensing, divestment obligations and minimum capitalisation norms. en-us Fri, 10 Feb 2006 00:00:00 +0530 Tue, 30 Sep 2008 18:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4189 The Press Note liberalises foreign investment by extending the automatic route and increasing permissible foreign equity in designated sectors while retaining sectoral licensing and regulatory conditions. It removes mandatory divestment in B2B e-commerce, allows resident-to-non-resident share transfers in financial services under automatic entry subject to applicable sector policy, and consolidates a sectoral annex that lists prohibited sectors, cases requiring prior government approval, sector-specific caps, entry routes and conditionalities such as licensing, divestment obligations and minimum capitalisation norms. Circulars FEMA Fri, 10 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4189