Budget Books

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Master Circular on Foreign Investment in India

 Notice Date : 01 July 2010

 Master Circular on Foreign Investment in India


Master Circular No.13/2010-11

July 01, 2010


All Category - I Authorised Dealer banks

Madam / Sir,

Master Circular on Foreign Investment in India

Foreign investment in India is governed by sub-section (3) of Section 6 of the Foreign Exchange Management Act, 1999 read withNotification No. FEMA 20/2000-RB dated May 3, 2000, as amended from time to time. The regulatory framework and instructions issued by the Reserve Bank have been compiled in this Master Circular. The list of underlying circulars/notifications is furnished in Appendix. In addition to the above, this Master Circular also covers the area  of  Investment in capital of partnership firms or proprietary concern which is regulated in terms of Section 2(h) of Section 47 of Foreign Exchange Management Act, 1999, read with Notification No. FEMA 24/2000-RB dated May 3, 2000.

2. This Master Circular is being issued with a sunset clause of one year.  This circular will stand withdrawn on July 1, 2011 and be replaced by an updated Master Circular on the subject.

Yours faithfully,

(Salim Gangadharan)

Chief General Manager-in-Charge



on 01 July 2010
Notification No : Master Circular No.13/2010-11
Published in Others
Source : ,
downloaded 243 times

Submit Notifications
IIM Indor
caclubindia books