Which of the following statements is/are correct regarding FDI under automatic route? a. FDI in India under the automatic route does not require…
CA Foundation · Business Economics · MTP · June 2024
Which of the following statements is/are correct regarding FDI under automatic route? a. FDI in India under the automatic route does not require prior approval either by the Government of India or the Reserve Bank of India. b. Investors are only required to notify the concerned regional office of the RBI before receipt of inward remittances and file required documents with that office before the issue of shares to foreign investors.
Suggested Answer and Working Notes:
Correct Answer: Option (C)
C. Both 1 and 2
Topics: International Trade
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