Foreign investment in Commodity Exchanges - Amendment to the Foreign Direct Investment Scheme

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..... Authorised Dealer Category - I (AD Category - I) banks is invited to Schedule I to Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000, notified vide FEMA Notification No.20/2000-RB dated May 3, 2000, as amended from time to time. 2. It has been decided in consultation with Government of India to allow foreign investment in Commodity Ex .....

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..... or Issue of Security by a Person Resident Outside India) Regulations, 2000 are being issued separately. 5. The directions in this circular have been issued under Sections 10(4) and 11(1) of Foreign Exchange Management Act, 1999 (42 of 1999) and is without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (Salim Gangadharan)Chief General Manager-i .....

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