Foreign Direct Investment in Pharmaceuticals sector – Clarification

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..... I) banks is invited to A.P. (DIR Series) Circular No.124 dated April 21, 2014 and 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. In terms of Schedule 1 to the Notification ibid, Foreign Direct Investment (FDI) up to 100 per cent .....

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..... ituents concerned. 5. Reserve Bank has since amended the subject Regulations accordingly through the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2015 which have been notified vide Notification No.FEMA.334/2015-RB dated January 9, 2015, vide G.S.R. No. 30(E) dated January 14, 2015. 6. The directions contained in thi .....

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