Cathy International Ltd., a foreign company, desires to invest US $50,00,000 in real estate business in India. Comment on its admissibility under the FDI Policy, 2015.
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · December 2015
Cathy International Ltd., a foreign company, desires to invest US $50,00,000 in real estate business in India. Comment on its admissibility under the FDI Policy, 2015.
Answer & Explanation:
Real estate business or construction of farm houses is under prohibited activities/ sector as provided under FDI Policy, 2015. Accordingly, the investment by Cathy International Limited in real estate business in India is not permitted.
Topics: Foreign Direct Investment (FDI)
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