Foreign investment in Credit Information Companies - Amendment to the Foreign Direct Investment Scheme

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..... Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to Schedule I to Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000, notified vide FEMA Notification No. 20/2000-RB dated May 3, 2000, as amended from time to time. 2. It has been decided in consultation with the Government of India to allow foreign inves .....

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..... bring the contents of this circular to the notice of their constituents and customers concerned. 4. Necessary amendments to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000 are being issued separately. 5. The directions in this circular have been issued under Sections 10(4) and 11(1) of Foreign Exchange Management Act, 1999 .....

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