Para 2.7
- Document type
- Policy
- Dated
- Category
- Policy
Automatic Route : (b) Existing Companies
- 2.7
- In a major drive to simplify procedures for foreign direct investment under the "automatic route", RBI has given permission to Indian Companies to accept investment under this route without obtaining prior approval from RBI. Investors are required to notifiy the Regional Ofice concerned of the RBI of receipt of inward remittances within 30 days of such receipt and file required documentation within 30 days of issue of shares to Foreign Investors. This facility is available to NRI/OCB investment also.