Prohibition on Indian Party from making direct investment in countries identified by the Financial Action Task Force (FATF) as “Non Co-operative countries and territories”

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Full Text of the Document

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....tment in countries identified by the Financial Action Task Force (FATF) as "Non Co-operative countries and territories" Attention of the Authorised Dealer Category - I (AD - Category I) banks is invited to Regulation 6 of FEMA Notification No. FEMA.120/RB-2004 dated July 07, 2004, as amended from time to time. 2. At present, there is no restriction on an Indian Party with regard to the countries....