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[Cites 0, Cited by 0] [Section 16(5)] [Section 16] [Entire Act]

Union of India - Subsection

Section 16(5)(b) in Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017

(b)Foreign investment in investing companies registered as Non-Banking Financial Companies (NBFCs) with the Reserve Bank, will be under 100% automatic route.]