Investment by Navratna Public Sector Undertakings (PSUs), OVL and OIL in unincorporated entities in oil sector abroad

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Full Text of the Document

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....OVL and OIL in unincorporated entities in oil sector abroad Attention of the Authorised Dealer (AD - Category I) banks is invited to the Notification No. FEMA. 120/RB-2004 dated July 7, 2004 [Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2004] (the Notification), as amended from time to time, and A.P. (DIR Series) Circular No. 59 dated May 18, 2007 and par....