https://www.taxtmi.com/circulars?id=63551 FDI in Civil Aviation allows automatic foreign investment for airports and specified ancillary services; scheduled air transport remains subject to an automatic route up to a prescribed limit with higher participation requiring Government approval. Foreign airlines may invest in cargo, helicopter and seaplane operators and in air transport companies up to the prescribed ceiling subject to Government approval, SEBI compliance, Indian registration and control requirements, security clearances for foreign nationals, and clearances for imported technical equipment; Air India remains subject to the prescribed cap and Aircraft Rules compliance. en-us Thu, 19 Mar 2020 00:00:00 +0530 Mon, 23 Mar 2020 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=63551 FDI in Civil Aviation allows automatic foreign investment for airports and specified ancillary services; scheduled air transport remains subject to an automatic route up to a prescribed limit with higher participation requiring Government approval. Foreign airlines may invest in cargo, helicopter and seaplane operators and in air transport companies up to the prescribed ceiling subject to Government approval, SEBI compliance, Indian registration and control requirements, security clearances for foreign nationals, and clearances for imported technical equipment; Air India remains subject to the prescribed cap and Aircraft Rules compliance. Circulars FEMA Thu, 19 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=63551