Foreign Direct Investment in Petroleum Sector and Air Transport Services

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..... ransport Services Attention of Authorised Dealer (AD) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified vide Notification No. FEMA 20 /2000 - RB dated May 3, 2000, as amended from time to time. 2. The foreign direct investment (FDI) limit in the Petroleum sector and Air Transport Services (Domesti .....

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..... 1(E) dated April 01, 2005 (copy enclosed). 4. Authorised Dealer banks may bring the contents of this circular to the notice of their constituents and customers concerned. 5. The direction contained in this circular has been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and is without prejudice to permissions / approvals, if any, required under .....

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