Define the following terms as stated under Foreign Exchange Management Act, 1999: Government Route
CS Executive · Economic, Business and Commercial Laws · PYQS · June 2023
Define the following terms as stated under Foreign Exchange Management Act, 1999: Government Route
Answer & Explanation:
'Government Route' means the entry route through which investment by a person resident outside India requires prior Government approval and foreign investment received under this route shall be in accordance with the conditions stipulated by the Government in its approval.
Topics: Foreign Exchange Management Act (FEMA), 1999
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