https://www.taxtmi.com/news?id=951 FDI policy permits up to full foreign ownership on the automatic route in most sectors, supported by February 2009 Press Notes clarifying calculation of total foreign investment, transfers of ownership or control in capped sectors, and downstream investment by Indian companies. The Department of Economic Affairs requested further examination from the Department of Industrial Policy & Promotion on issues including those raised by the Reserve Bank of India. The FDI framework is implemented through the Foreign Exchange Management Regulations, 2000 under FEMA, 1999, and contraventions are subject to penalty after adjudication. en-us Wed, 22 Jul 2009 18:17:26 +0530 Wed, 22 Jul 2009 18:17:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=951 FDI policy permits up to full foreign ownership on the automatic route in most sectors, supported by February 2009 Press Notes clarifying calculation of total foreign investment, transfers of ownership or control in capped sectors, and downstream investment by Indian companies. The Department of Economic Affairs requested further examination from the Department of Industrial Policy & Promotion on issues including those raised by the Reserve Bank of India. The FDI framework is implemented through the Foreign Exchange Management Regulations, 2000 under FEMA, 1999, and contraventions are subject to penalty after adjudication. News - Wed, 22 Jul 2009 18:17:26 +0530 https://www.taxtmi.com/news?id=951