CORRIGENDUM - Notification No. FEMA. 362/2016-RB dated February 15, 2016

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....ange Department No. FEMA. 362/2016-RB dated February 15, 2016 bearing G.S.R.No. 166(E) and published in the Official Gazette of Government of India - Extraordinary - Part-II, Section 3, Sub-Section (i) (hereinafter referred as Gazette Notification) 2. In paragraph 2(C) (iv), S. No. 9.3 and 9.3.1 shall be substituted as under: 9.3 Air Transport Services (1) (a) Scheduled Air Transport Service/....

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....up capital. Such investment would be subject to the following conditions: (i) It would be made under the Government approval route. (ii) The 49% limit will subsume FDI and FII/FPI investment. (iii) The investments so made would need to comply with the relevant regulations of SEBI, such as the Issue of Capital and Disclosure Requirements (ICDR) Regulations/ Substantial Acquisition of Shares and ....