https://www.taxtmi.com/circulars?id=11694 The Reserve Bank aligned Annex A and Annex B of Schedule 1 to the FEMA Regulations with the Government's Consolidated FDI Policy: Annex A lists sectors where FDI is prohibited; Annex B prescribes sector specific FDI caps, entry routes (Automatic or Government) and operative conditions, including minimum capitalization, divestment and sourcing requirements, lock in periods, security and licensing conditions. AD Category I banks are to inform constituents; amendments to FEMA regulations will be issued separately; directions are issued under the Foreign Exchange Management Act without prejudice to other statutory permissions. en-us Thu, 28 Jun 2012 00:00:00 +0530 Fri, 29 Jun 2012 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11694 The Reserve Bank aligned Annex A and Annex B of Schedule 1 to the FEMA Regulations with the Government's Consolidated FDI Policy: Annex A lists sectors where FDI is prohibited; Annex B prescribes sector specific FDI caps, entry routes (Automatic or Government) and operative conditions, including minimum capitalization, divestment and sourcing requirements, lock in periods, security and licensing conditions. AD Category I banks are to inform constituents; amendments to FEMA regulations will be issued separately; directions are issued under the Foreign Exchange Management Act without prejudice to other statutory permissions. Circulars FEMA Thu, 28 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11694