https://www.taxtmi.com/circulars?id=11777 A Reserve Bank circular permits persons resident outside India who are citizens of Pakistan or entities incorporated in Pakistan to purchase shares and convertible debentures under the Foreign Direct Investment framework with prior approval of the Foreign Investment Promotion Board, subject to Schedule I conditions; investments are barred if the Indian recipient is or will be engaged in defence, space, atomic energy or other sectors prohibited for foreign investment, and banks must inform customers of these conditions. en-us Wed, 22 Aug 2012 00:00:00 +0530 Thu, 23 Aug 2012 10:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11777 A Reserve Bank circular permits persons resident outside India who are citizens of Pakistan or entities incorporated in Pakistan to purchase shares and convertible debentures under the Foreign Direct Investment framework with prior approval of the Foreign Investment Promotion Board, subject to Schedule I conditions; investments are barred if the Indian recipient is or will be engaged in defence, space, atomic energy or other sectors prohibited for foreign investment, and banks must inform customers of these conditions. Circulars FEMA Wed, 22 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11777