Date: |
01-07-2015
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Notification No: |
Master Circular No.15/2015-16
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Issuing Authority: |
RBI
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Type: |
Master Circular
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File No: |
RBI/2015-16/96 |
Subject: |
Master Circular on Foreign Investment in India
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RBI/2015-16/96
Master Circular No. 15/2015-16
July 01, 2015
To,
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 with
Notification 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 Limited Liability Partnership, 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 updated from time to time as and when the fresh
instructions are issued. The date up to which the Master Circular has been
updated is suitably indicated.
3. This Master Circular may be referred to for general guidance. The Authorised
Persons and the Authorised Dealer Category – I banks may refer to respective
circulars/ notifications for detailed information, if so needed.
Yours faithfully,
(B. P. Kanungo)
Principal Chief General Manager
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