Define the following terms as stated under Foreign Exchange Management Act, 1999: Automatic Route
CS Executive · Economic, Business and Commercial Laws · PYQS · June 2023
Define the following terms as stated under Foreign Exchange Management Act, 1999: Automatic Route
Answer & Explanation:
'Automatic Route' means the entry route through which investment by a person resident outside India does not require the prior approval of the Reserve Bank of India or the Central Government.
Topics: Foreign Exchange Management Act (FEMA), 1999
Related Questions in this Topic
- What do you mean by "Financial Commitment" and "Indian Party" under Overseas Direct Investment?
- Define the following terms as stated under Foreign Exchange Management Act, 1999: Foreign Portfolio Investor.
- Define the following terms as stated under Foreign Exchange Management Act, 1999: Foreign Portfolio Investment
- Define the following terms as stated under Foreign Exchange Management Act, 1999: Government Route
- In which manner External Commercial Borrowings (ECB) proceeds are permitted to be parked abroad as well as domestically?