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Section 16 in Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017 [Entire Act]

policy. Therefore, retail sales outlets may be set up in those States/ Union Territories which have agreed, or agree in future, to allow foreign investment ... their agreement are mentioned at 15.4.2. Such agreement, in future, to permit establishment of retail outlets under this policy, would be conveyed to the Government
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