Say True or False : Unless the size of money invested by foreign investors through Global Depository Receipts exceeds the limits for Foreign Direct Investment under Automatic Route, no approval of Government of India is
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · June 2017
Say True or False : Unless the size of money invested by foreign investors through Global Depository Receipts exceeds the limits for Foreign Direct Investment under Automatic Route, no approval of Government of India is required as such investments are considered as Foreign Direct Investment.
Answer & Explanation:
True , GDR issue shall not exceed the sectoral cap of FDI policy. If it exceeds, FIPB approval is to be obtained.
Topics: FEMA
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