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May 2016

A. P. (DIR Series) Circular No. 58 dated March 31, 2016

By Gaurang Gandhi Chartered Accountant

Reading Time 1 mins

Notification No.FEMA.366/ 2016-RB dated March 30, 2016
Foreign Direct Investment (FDI) in India – Review of FDI policy –Insurance sector

This circular makes the following changes in Annex B to Schedule 1 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 – Notification No. FEMA 20/2000-RB dated 3rd May 2000: -The existing entry F.7, F.7.1 and F.7.2 shall be substituted by the following:

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May 2016

A. P. (DIR Series) Circular No. 58 dated March 31, 2016

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A. P. (DIR Series) Circular No. 57 dated March 31, 2016

Notification No. FEMA 22(R) /RB-2016 dated March 31, 2016

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May 2016

A. P. (DIR Series) Circular No. 58 dated March 31, 2016

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A. P. (DIR Series) Circular No. 57 dated March 31, 2016

Notification No. FEMA 22(R) /RB-2016 dated March 31, 2016