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RBI Clarification on FDI Inflows

Dated:- 22-5-2015 - It was recently reported in a section of the press that the amendment to Foreign Exchange Management Act (FEMA), 1999 introduced to the Finance Act, 2015 will do away with the need for the Reserve Bank of India s approval for fore .....

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ort the capital inflow and subsequently the issue of shares to the Reserve Bank in prescribed formats. It may be noted that, FDI in India can be made through two routes, namely, the automatic route, where no prior approval from any authority is neede .....

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