Forward contracts – Investments of Non-Residents in Indian companies

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Full Text of the Document

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....Investments of Non-Residents in Indian companies Attention of Authorised Dealers is invited to Regulation 5 of Notification No.FEMA 25/RB-2000 dated May 3, 2000 read with A.P. (DIR Series) Circular No.50 dated November 16, 2002. 2. It has been decided to permit persons resident outside India having Foreign Direct Investments in India to enter into forward contracts with Authorised Dealers with r....