Foreign investment in Single–Brand Product Retail Trading/Multi-Brand Retail Trading/Civil Aviation Sector/Broadcasting Sector/Power Exchanges - Amendment to the Foreign Direct Investment Scheme

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....in Single-Brand Product Retail Trading/Multi-Brand Retail Trading/Civil Aviation Sector/Broadcasting Sector/Power Exchanges - Amendment to the Foreign Direct Investment Scheme Attention of Authorised Dealers Category - I (AD Category - I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000, notified vide Notifica....

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....2 issued by the Department of Industrial Policy & Promotion, Ministry of Commerce & Industry, Government of India. c) Foreign airlines are permitted FDI up to 49% in the capital of Indian companies in Civil Aviation Sector, operating scheduled and non-scheduled air transport, under the automatic/Government route subject to the terms and conditions as stipulated in Press Note No. 6 (2012 Series) d....

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.... issued by the Department of Industrial Policy & Promotion, Ministry of Commerce & Industry, Government of India. 3. A copy each of Press Note Nos. 4,5,6,7 and 8 (2012 Series) dated September 20, 2012 issued in this regard is enclosed. 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 Excha....