Foreign Direct Investment by citizen / entity incorporated in Pakistan

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..... change 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 (hereinafter referred to as Notification No. FEMA 20), and as amended from time to time. 2. In terms of sub-regulation (1) of Regulation 5 of the Notification ibid, a person resident outside India who is a citizen of Pakistan or .....

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..... iving such foreign direct investment, is not engaged or shall not engage in sectors / activities pertaining to defence, space and atomic energy and sectors/activities prohibited for foreign investment. 4. AD Category - I banks may bring the contents of the circular to the notice of their customers and constituents concerned. 5. The directions contained in this circular have been issued under Sec .....

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