Investment by Navaratna Public Sector Undertakings (PSUs) in unincorporated entities in oil sector abroad

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Full Text of the Document

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.... Navaratna Public Sector Undertakings (PSUs) in unincorporated entities in oil sector abroad Authorised Dealer Category - I (AD Category - I) banks are aware that investment in the oil sector (i.e. for exploration and drilling for oil and natural gas, etc.) in an unincorporated entity overseas by an Indian party requires prior approval of the Reserve Bank. 2. Such proposals of Navratna PSUs (st....