https://www.taxtmi.com/forum/issue?id=3264 Foreign investment must be classified by sector to determine whether it is prohibited, allowed under the automatic route, or requires prior approval; automatic route investments are processed through the authorised bank with reporting obligations to the central bank, while investments exceeding prescribed caps require prior approval. Sectoral classification, applicable caps, and prescribed procedural steps in the July 1, 2011 master circular govern permissibility and the mode of investment, and ad hoc net worth percentage claims in the discussion are contested against that circular. en-us Wed, 10 Aug 2011 09:43:30 +0530 Thu, 23 Jan 2025 15:58:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3264 Foreign investment must be classified by sector to determine whether it is prohibited, allowed under the automatic route, or requires prior approval; automatic route investments are processed through the authorised bank with reporting obligations to the central bank, while investments exceeding prescribed caps require prior approval. Sectoral classification, applicable caps, and prescribed procedural steps in the July 1, 2011 master circular govern permissibility and the mode of investment, and ad hoc net worth percentage claims in the discussion are contested against that circular. Discussion-Forum Income Tax Wed, 10 Aug 2011 09:43:30 +0530 https://www.taxtmi.com/forum/issue?id=3264