Foreign investment in Single – Brand Retail Trading Amendment to the Foreign Direct Investment (FDI) Scheme

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..... 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 Notification No. FEMA 20/2000-RB dated May 3, 2000, as amended from time to time. In terms of Schedule 1 of the Notification, FDI up to 51 per cent is permitted in Single Brand product trading un .....

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..... 0 (Notification No. FEMA 20/2000-RB dated May 3, 2000) are being notified separately. 6. The directions contained in this circular have been issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (Dr.Sujatha Elizabeth Prasad) Chief General Manag .....

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