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

FEMA - F. No. 1/3/EM/2016 - G.S.R. 1089(E) - Dated:- 25-11-2016 - RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) CORRIGENDUM Mumbai, 25th November, 2016 G.S.R. 1089(E).-In the Notification of Reserve Bank of India, Foreign Exchange 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. .....

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Air Transport Services, helicopter and seaplane services. (b) Foreign airlines are allowed to participate in the equity of companies operating Cargo airlines, helicopter and seaplane services, as per the limits and entry routes mentioned above. (c) Foreign airlines are also allowed to invest in the capital of Indian companies, operating scheduled and non-scheduled air transport services, up to the limit of 49% of their paid-up capital. Such investment would be subject to the following condition .....

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