Foreign investment in Commodity Exchanges and NBFC Sector - Amendment to the Foreign Direct Investment (FDI) Scheme.

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....me Attention of Authorised Dealers Category - I (AD Category - I) banks is invited to Schedule 1 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000 notified vide Notification No. FEMA 20/2000-RB dated May 3, 2000, as amended from time to time read with para 2 of A.P (DIR Series) Circular No.41 dated April 28, 2008, which allowed....

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....nder automatic route, subject to minimum capitalisation norms. It is hereby clarified that FDI is permitted only in 'financial leases' (financial leasing activity) and not in 'operating leases' (operating leasing activity). 4. AD Category - I banks may bring the contents of the circular to the notice of their customers/constituents concerned. 5. Necessary amendments to Foreign Exchange Managemen....