https://www.taxtmi.com/circulars?id=56678 Amendments revise FDI entry routes, ownership limits and compliance across sectors: joint audit requirement when an international-network auditor is specified; 100% automatic FDI for investing NBFCs, while CICs and other investing companies require Government approval and RBI CIC compliance; competent authority for applications from countries of concern assigned to DIPP for automatic-route security-clearance cases; civil aviation carrier foreign investment capped with effective control retained by Indian nationals; real-estate broking classified as non-real-estate business allowing 100% automatic FDI; 100% automatic FDI in single brand retail with brand, sourcing and transitional global-sourcing conditions; removal of certain power exchange restrictions; expanded medical device definition; and rules for equity issuance against imports and pre operative expenses with specified documentation and reporting. en-us Tue, 23 Jan 2018 00:00:00 +0530 Wed, 24 Jan 2018 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=56678 Amendments revise FDI entry routes, ownership limits and compliance across sectors: joint audit requirement when an international-network auditor is specified; 100% automatic FDI for investing NBFCs, while CICs and other investing companies require Government approval and RBI CIC compliance; competent authority for applications from countries of concern assigned to DIPP for automatic-route security-clearance cases; civil aviation carrier foreign investment capped with effective control retained by Indian nationals; real-estate broking classified as non-real-estate business allowing 100% automatic FDI; 100% automatic FDI in single brand retail with brand, sourcing and transitional global-sourcing conditions; removal of certain power exchange restrictions; expanded medical device definition; and rules for equity issuance against imports and pre operative expenses with specified documentation and reporting. Circulars FEMA Tue, 23 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56678