https://www.taxtmi.com/notifications?id=133657 The amendment vests administration of the non debt instruments rules in the Reserve Bank, enabling it to issue directions and clarifications for implementation, and revises Schedule entries for Air Transport Services to specify distinct entry routes and sectoral caps for scheduled, regional, non scheduled, helicopter and seaplane services. It preserves Aircraft Rules conditions on registration, board composition and vesting of substantial ownership and effective control in Indian nationals, and attaches conditions for foreign airline investment including government approval, subsumption of other foreign investment, SEBI compliance, security clearances for foreign personnel, and Ministry of Civil Aviation clearance for imported technical equipment. en-us Mon, 27 Jul 2020 00:00:00 +0530 Tue, 28 Jul 2020 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=133657 The amendment vests administration of the non debt instruments rules in the Reserve Bank, enabling it to issue directions and clarifications for implementation, and revises Schedule entries for Air Transport Services to specify distinct entry routes and sectoral caps for scheduled, regional, non scheduled, helicopter and seaplane services. It preserves Aircraft Rules conditions on registration, board composition and vesting of substantial ownership and effective control in Indian nationals, and attaches conditions for foreign airline investment including government approval, subsumption of other foreign investment, SEBI compliance, security clearances for foreign personnel, and Ministry of Civil Aviation clearance for imported technical equipment. Notifications FEMA Mon, 27 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/notifications?id=133657