https://www.taxtmi.com/notifications?id=3735 The amendment permits an Indian company to increase the prescribed foreign investment limit of 24 percent up to the applicable sectoral cap or statutory ceiling by first passing a resolution of its Board of Directors and subsequently passing a special resolution of its General Body; this substitutes the proviso to Schedule 2, paragraph (1), sub paragraph (4) of the FEMA (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 and takes immediate effect under powers conferred by the Act. en-us Thu, 20 Sep 2001 00:00:00 +0530 Wed, 15 Jul 2009 14:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=3735 The amendment permits an Indian company to increase the prescribed foreign investment limit of 24 percent up to the applicable sectoral cap or statutory ceiling by first passing a resolution of its Board of Directors and subsequently passing a special resolution of its General Body; this substitutes the proviso to Schedule 2, paragraph (1), sub paragraph (4) of the FEMA (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 and takes immediate effect under powers conferred by the Act. Notifications FEMA Thu, 20 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/notifications?id=3735