Tag: amend rules on FDI

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RBI given two weeks to amend rules on FDI

by Legal India Admin | Leave a Comment

The Supreme Court Monday refused to stay the Centre’s decision to allow Foreign Direct Investment (FDI) in retail sector. A bench of justices R M Lodha and A R Dave, however, said that the policy suffers from “curable” irregularity of want of legal sanction and asked the RBI to amend the Foreign Exchange Management Act […]

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