Executive Summary:
This document comprises two notifications from the Reserve Bank of India regarding amendments to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000. The first notification, the Thirteenth Amendment Regulations, 2014, focuses on the Defence sector. The second notification, the Fourteenth Amendment Regulations, 2014, concerns sectors prohibited for FDI and railway infrastructure. Both amendments came into force in August 2014.
Key Points / Main Content:
Thirteenth Amendment Regulations, 2014:
* **Defence Sector FDI:**
* Removes the mention of "Defence sectors" in regulation 14, sub-regulation 3, clause iv, para D.
* Replaces existing entry 6, 6.1, and 6.2 in Annex B regarding the Defence sector with revised guidelines.
* FDI up to 49% is allowed via the Government route, and above 49% requires approval from the Cabinet Committee on Security (CCS) on a case-by-case basis.
* The limit of 49% is composite, including all kinds of foreign investments.
* Portfolio investment by FPIs/FIIs/NRIs/QFIs and investments by FVCIs together will not exceed 24% of the total equity. Portfolio investments will be under the automatic route.
* Sets conditions for license applications, ownership, management, security, verification of collaborators, technology, capitalization, purchase guarantees, production capacity, product design, safety, testing, sales, and FDI application process.
* Applications for FDI up to 49% follow the existing procedure; those exceeding Rs. 1200 crore require CCEA approval.
* FDI proposals beyond 49% that may result in access to modern technology will be approved by CCS based on recommendations from the Ministry of Defence and FIPB.
* Government decisions on FDI applications in the defence sector will be communicated within 10 weeks.
Fourteenth Amendment Regulations, 2014:
* **Prohibited Sectors for FDI:**
* Substitutes Annexure A, listing sectors where FDI is prohibited: lottery business, gambling and betting, chit funds, Nidhi company, trading in Transferable Development Rights (TDRs), real estate business/construction of farmhouses, manufacturing of certain tobacco products, and activities/sectors not open to private sector investment (Atomic energy and Railway operations - with exceptions).
* Foreign technology collaboration is also prohibited for lottery business and gambling and betting activities.
* **Industrial Park Infrastructure and Common Facilities:**
* Revises the definition of "Infrastructure" and "Common Facilities" in entry 12.1.
* **Railway Infrastructure:**
* Adds entry 18 for Railway Infrastructure.
* Allows 100% FDI under the automatic route for construction, operation, and maintenance of specific railway infrastructure projects, including suburban corridors (through PPP), high-speed train projects, dedicated freight lines, rolling stock, railway electrification, signaling systems, freight/passenger terminals, and infrastructure in industrial parks pertaining to railway lines.
* FDI in the abovementioned activities open to private participation is subject to sectoral guidelines of the Ministry of Railways.
* Proposals involving FDI beyond 49% in sensitive areas will be brought before the Cabinet Committee on Security (CCS).
* **Renumbering of entries:**
* The existing entries 25, 17, 18, 19, 20, 21, 22, 23, 24 and 26 in Annex B are renumbered.
Impact Analysis:
Reserve Bank of India (RBI):
* Impact: Responsible for implementing and overseeing the amended regulations related to foreign exchange management.
* Action Required: Update internal guidelines and procedures to reflect the changes introduced by these amendments.
Foreign Investors (FDI, FIIs, FPIs, NRIs, FVCIs, QFIs):
* Impact: The changes in FDI limits and approval routes in the defence sector and the opening up of railway infrastructure to 100% FDI will affect investment strategies and opportunities.
* Action Required: Reassess investment plans in light of the new regulations, particularly in the defence and railway sectors. Ensure compliance with the revised approval processes.
Indian Companies in Defence and Railway Sectors:
* Impact: The revised FDI policy in the defence sector provides opportunities for foreign collaboration and technology transfer. The opening of railway infrastructure to FDI can lead to modernization and expansion.
* Action Required: Explore potential partnerships with foreign investors to leverage the new FDI policies.
Ministry of Defence, Ministry of Railways, Department of Industrial Policy and Promotion (DIPP):
* Impact: These government bodies are responsible for implementing and overseeing the new regulations in their respective sectors.
* Action Required: Establish clear guidelines and procedures for FDI applications, approvals, and monitoring in the defence and railway sectors. Ensure coordination between different government agencies to facilitate the FDI process.
Industrial Park Units:
* Impact: Revised definition of Infrastructure and Common facilities.
* Action Required: Ensure compliance with the revised approval processes.
Key Entities Referenced
Foreign Exchange Management Act, 1999: A legal act that provides the framework for foreign exchange management in India. It is mentioned as the basis for the amendments being made.
Reserve Bank of India: The central bank of India, responsible for regulating the foreign exchange market and issuing these notifications.
Foreign Exchange Management Transfer or Issue of Security by a Person Resident outside India Regulations, 2000: The principal regulations that are being amended by this notification. These regulations govern the transfer or issue of security by a person resident outside India.
Foreign Direct Investment: A type of investment made to acquire controlling interest in business in one country by an entity based in another country
Defence Industry: A sector where changes to FDI policy are being made, specifically regarding investment limits and approval routes.
Ministry of Defence: The Indian government ministry responsible for defence. It is consulted in the FDI approval process for the defence sector.
Cabinet Committee on Security: A committee of the Indian cabinet that is involved in approving FDI proposals in the defence sector, particularly those that may result in access to modern technology.
Department of Industrial Policy Promotion, Ministry of Commerce Industry: The department that grants industrial licenses after consulting with the Ministry of Defence and Ministry of External Affairs.
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EXTRAORDINARY
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PART II—Section 3—Sub-section (i)
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No. 587] NEW DELHI, THURSDAY, NOVEMBER 13, 2014/KARTIKA 22, 1936
भभभभााााररररततततीीीीयययय (cid:1)(cid:1)(cid:1)(cid:1)ररररज़ज़ज़ज़वववव (cid:5)(cid:5)(cid:5)(cid:5)बबबब(cid:7)क(cid:7)क(cid:7)क(cid:7)क
(ििििववववददददेशेशेशेशीीीी मममम(cid:11)(cid:11)ुु(cid:11)(cid:11)ुु ाााा ििििववववभभभभाााागगगग)
(कककक(cid:13)(cid:13)(cid:13)(cid:13)(cid:11)(cid:11)(cid:11)(cid:11)ीीीीयययय ककककााााययययाााालल(cid:5)(cid:5)लल(cid:5)(cid:5) यययय)
अअअअििििधधधधससससचचूूचचूू ननननाााा
ममममबबुंुंबबुंुं ईईईई, 5 िसतंबर, 2014
ििििववववददददेशेशेशेशीीीी मममम(cid:11)(cid:11)ुु(cid:11)(cid:11)ुु ाााा (cid:17)(cid:17)(cid:17)(cid:17)बबबबधधंंधधंं (भभभभााााररररतततत सससस ेेेेबबबबााााहहहहरररर ककककेेेे ििििननननववववााााससससीीीी (cid:20)(cid:20)(cid:20)(cid:20)ककककससससीीीी (cid:22)(cid:22)(cid:22)(cid:22)िििि(cid:24)(cid:24)(cid:24)(cid:24) (cid:25)(cid:25)(cid:25)(cid:25)ाााारररराााा (cid:17)(cid:17)(cid:17)(cid:17)ििििततततभभभभििूूििूू तततत ककककाााा अअअअततंंततंं ररररणणणण अअअअथथथथववववाााा ििििननननगगगगमम(cid:5)(cid:5)मम(cid:5)(cid:5) ) (13ववववाााा ंं ंंससससशशंंशशंं ोोोोधधधधनननन)
ििििववववििििननननययययममममााााववववललललीीीी, 2011114
ससससाााा....ककककाााा....ििििनननन.... 777799999999((((अअअअ))))....————िवदेशी मु(cid:3)ा (cid:5)बंध अिधिनयम,1999 (1999 का 42) क(cid:7) धारा 6 क(cid:7) उप-धारा (3) के खडं
(बी) और धारा 47 (cid:8)ारा (cid:5)द(cid:11) शि(cid:14)य(cid:16) का (cid:5)योग करते (cid:20)ए भारतीय (cid:22)रज़व (cid:25) ब(cid:27)क एत(cid:29)ारा िवदेशी मु(cid:3)ा (cid:5)बंध (भारत से बाहर
के िनवासी कसी #ि(cid:14) (cid:8)ारा (cid:5)ितभूित का अंतरण अथवा िनग(cid:25)म) िविनयमावली, 2000 (3 मई 2000 क(cid:7) अिधसूचना स.ं
फेमा. 20/2000-आरबी) म ’िन( निलिखत संशोधन करता ह,ै अथा(cid:25)त:—
1111.... ससससंिंिंिंि(cid:31)(cid:31)(cid:31)(cid:31) ननननाााामममम औऔऔऔरररर (cid:17)(cid:17)(cid:17)(cid:17)ााााररररंंंंभभभभ....————(i) ये िविनयम िवदेशी मु(cid:3)ा (cid:5)बंध (भारत से बाहर के िनवासी कसी #ि(cid:14) (cid:8)ारा
(cid:5)ितभूित का अंतरण अथवा िनग(cid:25)म) (13वां संशोधन) िविनयमावली, 2014 कहलाएंगे।
(ii) इनके संबंध म’ यह समझा जाएगा क वे 26 अग0त 2014 से लागू (cid:20)ए ह।(cid:27) @
2222.... ििििववववििििननननययययमममम 11114444 मममम (cid:13)(cid:13) (cid:13)(cid:13)ससससशशंंशशंं ोोोोधधधधनननन....————िवदेशी मु(cid:3)ा (cid:5)बंध (भारत स े बाहर के िनवासी कसी #ि(cid:14) (cid:8)ारा (cid:5)ितभूित का अंतरण
अथवा िनग(cid:25)म) िविनयमावली, 2000 (3 मई 2000 क(cid:7) अिधसूचना सं.फेमा. 20/2000-आरबी) म,’ िविनयम 14 म,’ उप-
िविनयम (3) म,’ खंड (डी) म,’ "सूचना और (cid:5)सारण तथा र6ा 6े7" श8द "सूचना और (cid:5)सारण" श8द(cid:16) से (cid:5)ित0थािपत कए
जाएंगे।
4501 GI/2014 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
3333.... अअअअननननससुुससुु चचूूचचूू ीीीी 1111 मममम (cid:13)(cid:13) (cid:13)(cid:13) ससससशशंंशशंं ोोोोधधधधनननन....————िवदेशी मु(cid:3)ा (cid:5)बंध (भारत से बाहर के िनवासी कसी #ि(cid:14) (cid:8)ारा (cid:5)ितभूित का अंतरण
अथवा िनग(cid:25)म) िविनयमावली, 2000 (3 मई 2000 क(cid:7) अिधसूचना सं. फेमा.20/2000-आरबी) म,’ मौजूदा संल;क 'बी' म,’
वत(cid:25)मान (cid:5)िवि< स.ं 6, 6.1 एवं 6.2 िन=िलिखत से (cid:5)ित0थािपत क(cid:7) जाएंगी:
(cid:1). सं. (cid:1)(cid:1)(cid:1)(cid:1)(cid:3)(cid:3)ेे(cid:3)(cid:3)ेे /गगगगििििततततििििववववििििधधधध ईईईई(cid:5)(cid:5)(cid:5)(cid:5)(cid:6)(cid:6)(cid:6)(cid:6)टटटटीीीी/एएएएफफफफडडडडीीीीआआआआईईईई ककककैैैैपपपप (cid:9)(cid:9)(cid:9)(cid:9)ववववेशेशेशेश ममममाााागगगग (cid:18)(cid:18) (cid:18)(cid:18)
ककककाााा (cid:9)(cid:9)(cid:9)(cid:9)ििििततततशशशशतततत
रररर(cid:1)(cid:1)(cid:1)(cid:1)ाााा
6.1 र(cid:3)ा उ(cid:7)ोग, उ(cid:7)ोग िवकास और िविनयमन) 49% सरकारी माग(cid:27) से 49% तक
अिधिनयम, 1951 के तहत औ(cid:7)ोिगक 49% से अिधक, मामले – दर- मामले के आधार
लाइस(cid:18)स के अधीन है। पर िस यु#रटी संबंधी कैिबनेट कमीटी के
अनुमोदन स,े जहां कह( उसके प#रणाम *व,प
दशे क/ प0चं आधुिनक एवं नवीनतम 4ो(cid:7)ोिगक/
तक होती हो।
ननननोोोोटटटट:::: (i) उि5लिखत 49% क/ सीमा संिम7 सीमा ह ै और उसम(cid:18) 48य(cid:3) िवदशे ी िनवेश (FDI), िवदशे ी सं*थागत िनवेशक
(FIIs), िवदशे ी पोट(cid:27)फोिलयो िनवशे क; (FPIs), अिनवासी भारतीय; (NRIs), िवदशे ी जोिखम पूंजी िनवेशक;
(FVCI) और अहत(cid:27) ा 4ा> िवदशे ी िनवेशक; (QFIs) के िनवेश; जैसे सभी 4कार के िवदशे ी िनवेश शािमल ह,? भले
ही ये िनवेश िवदशे ी मु@ा 4बंध (भारत से बाहर के िनवासी Aकसी BिC Dारा 4ितभूित का अंतरण अथवा िनग(cid:27)म)
िविनयमावली क/ अनुसूची 1 (FDI), 2 (FII), 2ए (FPI), 3 (NRI), 6 (FVCI) तथा 8 (QFI) के अंतग(cid:27)त Aकए
गए ह;।
(ii) एफपीआई/एफआईआई/एनआरआई/ यूएफआई Dारा Aकए गए पोट(cid:27)फािलयो िनवेश; एवं एफवीसीआई Dारा Aकए
गए िनवेश; को िमलाकर कुल िनवेश िनवेश 4ा>कता/(cid:27)संयुC उ(cid:7)म(JV) कंपनी क/ कुल ईAFटी के 24% से अिधक
नह( ह;गे। पोट(cid:27)फोिलयो िनवेश *वचािलत माग(cid:27) के अंतग(cid:27)त ह;गे।
6.2 अअअअ(cid:21)(cid:21)(cid:21)(cid:21)यय यय शशशशतततत::(cid:23)(cid:23)::(cid:23)(cid:23)
(i) लाइस(cid:18)स आवेदन; पर िवचार Aकया जाएगा और र(cid:3)ा मंGालय तथा िवदशे मंGालय के परामश(cid:27) से औ(cid:7)ोिगक नीित
और संवधन(cid:27) िवभाग ,वािणHय और उ(cid:7)ोग मंGालय Dारा लाइस(cid:18)स Aदए जाएंगे।
(ii) 49% तक 48य(cid:3) िवदशे ी िनवेश क/ सरकार से अनुमित चाहने वाली कंपनी भारतीय कंपनी हो िजसका *वािम8व
एवं िनयंGण िनवासी भारतीय नाग#रक; के हाथ; म(cid:18) होना चािहए।
(iii) आवेदक कंपनी का 4बंधन भारतीय हाथ; म(cid:18) होने के साथ-साथ कंपनी/भागीदारी फम(cid:27) के बोड(cid:27) म(cid:18) ब0मत 4ितिनिध8व
(उJह( का हो) एवं उसका मुK य काय(cid:27)कारी भारतीय िनवासी होना चािहए।
(iv) िनवेश 4ा>कता/(cid:27)संयुC उ(cid:7)म कंपनी का मुKय सुर(cid:3)ा अिधकारी (CSO) िनवासी भारतीय नाग#रक होना चािहए।
(v) आवेदन पG; के साथ िनदेशक; और मुKय काय(cid:27)पालक; का पूरा िववरण 4*त ुत Aकया जाए।
(vi) सरकार के पास िवदशे ी सहयोिगय; और घरेलू 4ोमोटर; क/ िवMीय ि*थित और िवNव बाजार म(cid:18) उनक/ िवNव सनीयता
सिहत उनके पूव(cid:27)वृM क/ जांच करने का अिधकार सुरि(cid:3)त होगा। मौिलक उपकरण िनमा(cid:27)ताP या िडजाइन
अिधQ ठान; और ऐसी कंपिनय; को 4ाथिमकता दी जाएगी िजनका सश*G बल;, अंत#र(cid:3) एवं परमाणु ऊजा(cid:27) (cid:3)ेG;
(sections) को पूव(cid:27) म(cid:18) आपूUत करने का Vैक #रकाड(cid:27) अWछ ा हो और िजनके पास सु*थ ािपत अनुसंधान एवं िवकास
क(cid:18)@ हो।
(vii) 48 य(cid:3) िवदशे ी िनवेश म (cid:18) कोई Jय ूनतम पूंजीकरण नह( होगा। तथािप, आवेदक कंपनी के 4बंधन Dारा उ8प ाद और
4ो(cid:7)ोिगक/ के आधार पर उिचत मू5य ांकन Aकया जाना अपिे (cid:3)त होगा। लाइस(cid:18)सी 4ािधकारी िनमा(cid:27)ण हते ु 4*त ािवत
हिथयार; और उपकरण; क/ 7ेणी को Yय ान म(cid:18) रखते 0ए अिनवासी िनवेशक क/ िनवल मािलयत क/ पया(cid:27)Zत ता के
बारे म(cid:18) * वयं को संतु[ करेगा।
(viii) र(cid:3)ा मंGालय िनUमत होन ेवाले उ8प ाद; क/ खरीद क/ गारंटी दने े क/ ि*थित म(cid:18) नह( ह।ै तथािप, जहां तक संभव हो ,
ऐसे उपकरण; के िलए योजनाब\ अज(cid:27)न काय(cid:27)(cid:1)म और सम] अपे(cid:3)ाएं उपल^ध करायी जाएंगी।¹Hkkx IIµ[k.M 3 (i)º Hkkjr dk jkti=k % vlk/kj.k 3
(ix) लाइस(cid:18)स म(cid:18) आवेदन और साथ ही र(cid:3)ा मंGालय क/ िसफा#रश; के आधार पर उ8प ादन के िलए (cid:3)मता मानदडं उपल^ ध
कराए जाएंगे जो इसी 4कार के और संब\ उ8प ाद; क/ वत(cid:27)मान (cid:3)मताP पर िवचार करेगा।
(x) िनवेश 4ा>कता/(cid:27)संयुC उ(cid:7)म(JV) कंपनी इस 4कार क/ संरचना वाली होनी चािहए Aक वह 4ोड ट िडज़ाइन एवं
िवकास के (cid:3)ेG म(cid:18) आ8मिनभ(cid:27)र हो। िनवेश 4ा>कता/(cid:27)संयुC उ(cid:7)म(JV) कंपनी म(cid:18) भारत म(cid:18) िनUमत Aकए जाने वाल े
उ8पाद; के िलए िनमा(cid:27)ण सुिवधा होने के साथ-साथ उ8पाद हते ु मेटीन(cid:18)स एवं लाइफ साइAकल सपोट(cid:27) सुिवधा भी होनी
चािहए।
(xi) आवेदक कंपनी को 4ोटोटाइप के िवकास सिहत उ8पादन पूव(cid:27) गितिविध हते ु उपकरण आयात करने क/ अनुमित दी
जाएगी।
(xii) एक बार लाइस(cid:18)स मंजूर होने और उ8प ादन शु, होने पर, लाइस(cid:18)सी Dारा पया(cid:27)Zत संर(cid:3)ा और सुर(cid:3)ा 4A(cid:1)या अपनानी
होगी। यह Bव*था अिधकृत सरकारी एज(cid:18)िसय; Dारा स8य ापन के अधीन होगी।
(xiii) लाइस(cid:18)सी लाइस(cid:18)स के तहत िवदशे ी सहयोिगय; से या *व देशी अनुसंधान एवं िवकास के ज#रए उ8प ाAदत Aकए जान े
वाले उपकरण क/ गुणवMा और परी(cid:3)ण A(cid:1)यािविध, उपयु त गोपनीयता खंड के तहत, सरकार Dारा नािमत
गुणवMा जांच एज(cid:18)सी को उपल^ध कराएगा। नािमत क/ गई गुणवMा जांच एज(cid:18)सी तैयार माल क/ जांच करेगी और
लाइस(cid:18)सी के गुणवMा आN वासन 4A(cid:1)या क/ िनगरानी तथा लेखा-परी(cid:3)ा करेगी। र(cid:3)ा मंGालय मामल-े दर-मामले के
आधार पर * व-4माणन क/ अनुमित दगे ा िजसम(cid:18) लाइस(cid:18)सी Dारा िनUमत या तो अलग-अलग व*त ुएं ह;गी या व*त ुP
के समूह ह;गे। ऐसी अनुमित िनयत अविध के िलए होगी और यह नवीकरण के अधीन होगी।
(xiv) साव(cid:27)जिनक उ(cid:7)म िवभाग के Aदशािनदश‘ ; के अनुसार खरीद क/ तरजीह और मू5य क/ तरजीह साव(cid:27)जिनक (cid:3)ेG के
संगठन; को दी जा सकती है।
(xv) िनजी िनमा(cid:27)ताP Dारा िनUमत हिथयार एवं गोलाबा,द मुKय ,प से र(cid:3)ा मंGालय को बेचे जाएंगे। ये व*तुएं र(cid:3)ा
मGं ालय के पूव(cid:27) अनुमोदन से गृह मंGालय और राHय सरकार; के िनयंGण के अधीन अJय सरकारी सं*थ ाP को भी
बेचे जा सकते ह?। दशे के भीतर ऐसी कोई भी व*त ु Aकसी अJय a यिC या सं*था को नह( बेची जाएगी। िनUमत
व* तुP का िनया(cid:27)त आयुध कारखाने और साव(cid:27)जािनक (cid:3)ेG के र(cid:3)ा उप(cid:1)म; के िलए लागू नीित और Aदशािनदश‘ के
अधीन होगा। र(cid:3)ा मंGालय के पूव(cid:27) अनुमोदन से क(cid:18)@ सरकार या राHय सरकार से इतर BिCय;/सं* थाP को गैर-
4ाणघातक व* तुP क/ िब(cid:1)/ करने क/ अनुमित दी जाएगी। लाइस(cid:18)सी से यह भी अपेि(cid:3)त होगा Aक वह अपने
कारखाने से सभी माल को हटाने के िलए एक स8य ापनीय 4णाली तैयार करे। इन 4ावधान; का उ5ल ंघन करने पर
लाइस(cid:18)स रb Aकया जा सकता ह।ै
(xvi) र(cid:3)ा (cid:3)ेG म(cid:18) िवदशे ी 48 य(cid:3) िनवेश के 4योजन से सरकारी मंजूरी चाहने वाले आवेदन पG आUथक काय(cid:27) िवभाग म(cid:18)
िवदशे ी िनवेश संवध(cid:27)न बोड(cid:27) के सिचवालय को 4*तुत Aकए जाएंगे।
(xvii) 49% तक 48य(cid:3) िवदशे ी िनवेश संबंधी आवदने पG; के संबंध म(cid:18) मौजूदा 4A(cid:1)या का पालन Aकया जाएगा,
1200 करोड़ eपए से अिधक के आवक वाले 4*ताव; पर आUथक काय(cid:27) िवभाग क/ कैिबनेट कमीटी Dारा अनुमोदन
4दान Aकया जाता ह।ै
(xviii) र(cid:3)ा मंGालय एवं 48य(cid:3) िवदशे ी िनवेश संवध(cid:27)न बोड(cid:27) Dारा क/ गई िसफा#रश के आधार पर, 49% से अिधक 48य(cid:3)
िवदशे ी िनवेश के िलए सरकार क/ अनुमित चाहने वाले मामल; पर र(cid:3)ा मंGालय Dारा सुर(cid:3)ा संबंधी कैिबनेट
कमीटी का अनुमोदन मांगा जाएगा िजसके प#रणाम*व,प दशे क/ प0चं आधुिनक तथा नवीनतम 4ो(cid:7)ोिगक/ तक
हो सकती ह।ै
(xix) 49% से अिधक 48य(cid:3) िवदशे ी िनवेश के 4*ताव, िजसम(cid:18) 4*तािवत आवक 4वाह 1200 करोड़ eपए से अिधक हो,
को जहां मंजूरी सुर(cid:3)ा संबंधी कैिबनेट कमीटी Dारा दी जाएगी वहां ऐसे मामले म(cid:18) आUथक काय(cid:27) िवभाग क/ कैिबनेट
कमीटी Dारा अनुमोदन 4दान करने क/ आवNयकता नह( होगी।
(xx) र(cid:3)ा उ(cid:7)ोग (cid:3)ेG म(cid:18) 48य(cid:3) िवदशे ी िनवेश के आवेदन पG पर सरकार का िनण(cid:27)य सामाJय त: पावती क/ तारीख से 10
सZ ताह क/ समय सीमा के भीतर सं4ेिषत कर Aदया जाएगा।
(xxi) 49% से अिधक िवदशे ी िनवेश के संबंध म(cid:18) सरकारी अनुमोदन चाहने वाले 4*ताव के िलए आवेदक भारतीय
कंपनी/िवदशे ी िनवेशक हो। उC पैरा (iii) म(cid:18) दी गई अित#रC शत(cid:27) ऐसे 4सताव; पर लागू नह( होगी।
[[[[स..ं.. फेमा.... 333311119999////2222000011114444----आर....बी....////फा.... स..ं.. 1111////33332222////((((----))))444422222222000011114444]]]]
सी.... डी.... ?ीिनवासन,,,, मु@य महा(cid:5)बंधक4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
पपपपाााादददद (cid:26)(cid:26)(cid:26)(cid:26)टटटट(cid:27)(cid:27)(cid:27)(cid:27)पपपपणणणणीीीी::::----
(i) @ यह *प[ Aकया जाता ह ैAक इन िविनयम; को पूव(cid:27)4भावी करने के कारण Aकसी भी BिC पर कोई 4ितकूल असर नह( पड़ेगा ।
(ii) मूल िविनयमावली 2000 मई 8 के जीएसआर संKया (ई)406 .के Dारा सरकारी राजपG के भाग II, खंड 3, उप खंड (i), म (cid:18)
4कािशत और बाद म(cid:18) िनgानुसार संशोिधत क/ गयी थी:-
सा.का.िन. सं. 158(अ) Aदनांक 02.03.2001 सा.का.िन. सं. 606(अ) Aदनांक 03.08.2012
सा.का.िन. सं. 175(अ) Aदनांक 13.03.2001 सा.का.िन. सं. 795(अ) Aदनांक 30.10.2012
सा.का.िन. सं. 182(अ) Aदनांक 14.03.2001 सा.का.िन. सं. 796(अ) Aदनांक 30.10.2012
सा.का.िन. सं. 4(अ) Aदनांक 02.01.2002 सा.का.िन. सं. 797(अ) Aदनांक 30.10.2012
सा.का.िन. सं. 574(अ) Aदनांक 19.08.2002 सा.का.िन. सं. 945(अ) Aदनांक 31.12.2012
सा.का.िन. सं. 223(अ) Aदनांक 18.03.2003 सा.का.िन. सं. 946(अ) Aदनांक 31.12.2012
सा.का.िन. सं. 225(अ) Aदनांक 18.03.2003 सा.का.िन. सं. 38(अ) Aदनांक 22.01.2013
सा.का.िन. सं. 558(अ) Aदनांक 22.07.2003 सा.का.िन. सं. 515(अ) Aदनांक 30.07.2013
सा.का.िन. सं. 835(अ) Aदनांक 23.10.2003 सा.का.िन. सं. 532(अ) Aदनांक 05.08.2013
सा.का.िन. सं. 899(अ) Aदनांक 22.11.2003 सा.का.िन. सं. 341(अ) Aदनांक 28.05.2013
सा.का.िन. सं. 12(अ) Aदनांक 07.01.2004 सा.का.िन. सं. 344(अ) Aदनांक 29.05.2013
सा.का.िन. सं. 278(अ) Aदनांक 23.04.2004 सा.का.िन. सं. 195(अ) Aदनांक 01.04.2013
सा.का.िन. सं. 454(अ) Aदनांक 16.07.2004 सा.का.िन. सं. 393(अ) Aदनांक 21.06.2013
सा.का.िन. सं. 625(अ) Aदनांक 21.09.2004 सा.का.िन. सं. 591(अ) Aदनांक 04.09.2013
सा.का.िन. सं. 799(अ) Aदनांक 08.12.2004 सा.का.िन. सं. 596(अ) Aदनांक 06.09.2013
सा.का.िन. सं. 201(अ) Aदनांक 01.04.2005 सा.का.िन. सं. 597(अ) Aदनांक 06.09.2013
सा.का.िन. सं. 202(अ) Aदनांक 01.04.2005 सा.का.िन. सं. 681(अ) Aदनांक 11.10.2013
सा.का.िन. सं. 504(अ) Aदनांक 25.07.2005 सा.का.िन. सं. 682(अ) Aदनांक 11.10.2013
सा.का.िन. सं. 505(अ) Aदनांक 25.07.2005 सा.का.िन. सं. 818(अ) Aदनांक 31.12.2013
सा.का.िन. सं. 513(अ) Aदनांक 29.07.2005 सा.का.िन. सं. 805(अ) Aदनांक 30.12.2013
सा.का.िन. सं. 738(अ) Aदनांक 22.12.2005 सा.का.िन. सं. 683(अ) Aदनांक 11.10.2013
सा.का.िन. सं. 29(अ) Aदनांक 19.01.2006 सा.का.िन. सं. 189(अ) Aदनांक 19.03.2014
सा.का.िन. सं. 413(अ) Aदनांक 11.07.2006 सा.का.िन. सं. 190(अ) Aदनांक 19.03.2014
सा.का.िन. सं. 712(अ) Aदनांक 14.11.2007 सा.का.िन. सं. 270(अ) Aदनांक 07.04.2014
सा.का.िन. सं. 713(अ) Aदनांक 14.11.2007 सा.का.िन. सं. 361(अ) Aदनांक 27.05.2014
सा.का.िन. सं. 737(अ) Aदनांक 29.11.2007 सा.का.िन. सं. 370(अ) Aदनांक 30.05.2014
सा.का.िन. सं. 575(अ) Aदनांक 05.08.2008 सा.का.िन. सं. 371 Aदनांक 30.5.2014
सा.का.िन. सं. 896(अ) Aदनांक 30.12.2008 सा.का.िन. सं. 400(अ) Aदनांक 12.06.2014
सा.का.िन. सं. 851(अ) Aदनांक 01.12.2009 सा.का.िन. सं. 435(अ) Aदनांक 08.07.2014
सा.का.िन. सं. 341 (अ) Aदनांक 21.04.2010 सा.का.िन. सं. 436(अ) Aदनांक 08.07.20
सा.का.िन. सं. 821(अ) Aदनांक 10.11.2012¹Hkkx IIµ[k.M 3 (i)º Hkkjr dk jkti=k % vlk/kj.k 5
RESERVE BANK OF INDIA
(Foreign Exchange Department)
(CENTRAL OFFICE)
NOTIFICATION
Mumbai, the 5th September, 2014
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Thirteenth
Amendment) Regulations, 2014
G.S.R. 799(E).—In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section
47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following
amendments in the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India)
Regulations, 2000 (Notification No. FEMA. 20/2000-RB dated 3rd May 2000), namely:-
1. Short Title & Commencement.—(i) These Regulations may be called the Foreign Exchange Management
(Transfer or Issue of Security by a Person Resident Outside India) (Thirteenth Amendment) Regulations, 2014.
(ii) They shall come into force from August 26, 2014@ .
2. Amendment of Regulation 14.—In the Foreign Exchange Management (Transfer or Issue of Security by a Person
Resident outside India) Regulations, 2000, (Notification No. FEMA 20/2000-RB dated 3rd May 2000), in regulation
14, in sub-regulation (3), in clause (iv), in para (D), the words, “and Defence sectors” shall be deleted.
3. Amendment of Schedule 1.—In the Foreign Exchange Management (Transfer or Issue of Security by a Person
Resident outside India) Regulations, 2000, (Notification No. FEMA 20/2000-RB dated 3rd May 2000), in the existing
Annex B, the existing entry 6, 6.1 and 6.2 shall be substituted by the following:
SI. No. Sector/Activity % of Equity/FDI Cap Entry Route
6 Defence
6.1 Defence Industry subject 49% Government route up to 49%
to Industrial license Above 49% to Cabinet Committee on
under the Industries Security (CCS) on case to case basis,
(Development & wherever it is likely to result in access to
Regulation) Act, 1951 modern and 'state-of-art' technology in the
country.
Note: (i) The above limit of 49% is composite and includes all kinds of foreign investments i.e.
Foreign Direct Investment (FDI), Foreign Institutional Investors (Flls), Foreign Portfolio Investors
(FPIs), Non Resident Indians (NRIs), Foreign Venture Capital Investors (FVCI) and Qualified
Foreign Investors (QFIs) regardless of whether the said investments have been made under
Schedule 1 (FDI), 2 (FII), 2A (FPI), 3 (NRI), 6 (FVCI) and 8 (QFI) of FEMA (Transfer or Issue of
Security by Persons Resident Outside India) Regulations.
(ii) Portfolio investment by FPIs/FIls/NRIs/QFIs and investments by FVCIs together will not exceed
24% of the total equity of the investee/joint venture company. Portfolio investments will be under
automatic route.
6.2 Other Conditions
(i) Licence applications will be considered and licences given by the Department of Industrial
Policy & Promotion, Ministry of Commerce & Industry, in consultation with Ministry of
Defence and Ministry of External Affairs.
(ii) The applicant company seeking permission of the Government for FDI up to 49% should be
an Indian company owned and controlled by resident Indian citizens.
(iii) The management of the applicant company should be in Indian hands with majority
representation on the Board as well as the Chief Executives of the company/partnership firm
being resident Indians.
(iv) Chief Security Officer (CSO) of the investee/ joint venture company should be resident Indian
citizen.
(v) Full particulars of the Directors and the Chief Executives should be furnished along with the
applications.
(vi) The Government reserves the right to verify the antecedents of the foreign collaborators and
domestic promoters including their financial standing and credentials in the world market.
Preference would be given to original equipment manufacturers or design establishments
and companies having a good track record of past supplies to Armed Forces, Space and Atomic
energy sections and having an established R & D base.
(vii) There would be no minimum capitalization for the FDI. A proper assessment, however, needs
to be done by the management of the applicant company depending upon the product and6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
the technology. The licensing authority would satisfy itself about the adequacy of the net
worth of the non-resident investor taking into account the category of weapons and
equipment that are proposed to be manufactured.
(viii) The Ministry of Defence is not in a position to give purchase guarantee for products to be
manufactured. However, the planned acquisition programme for such equipment and overall
requirements would be made available to the extent possible.
(ix) The capacity norms for production will be provided in the licence based on the application as
well as the recommendations of the Ministry of Defence, which will look into existing
capacities of similar and allied products.
(x) Investee/joint venture company should be structured to be self-sufficient in areas of product
design and development. The investee/joint venture company along with manufacturing facility,
should also have maintenance and life cycle support facility of the product being manufactured
in India.
(xi) Import of equipment for pre-production activity including development of prototype by the
applicant company would be permitted.
(xii) Adequate safety and security procedures would need to be put in place by the licensee once the
licence is granted and production commences. These would be subject to verification by
authorized Government agencies.
(xiii) The standards and testing procedures for equipment to be produced under licence from foreign
collaborators or from indigenous R & D will have to be provided by the licensee to the
Government nominated quality assurance agency under appropriate confidentiality clause. The
nominated quality assurance agency would inspect the finished product and would conduct
surveillance and audit of the Quality Assurance Procedures of the licensee. Self-certification
would be permitted by the Ministry of Defence on case to case basis, which may involve either
individual items, or group of items manufactured by the licensee. Such permission would be for
a fixed period and subject to renewals.
(xiv) Purchase preference and price preference may be given to the Public Sector organizations as per
guidelines of the Department of Public Enterprises.
(xv) Arms and ammunition produced by the private manufacturers will be primarily sold to the
Ministry of Defence. These items may also be sold to other Government entities under the
control of the Ministry of Home Affairs and State Governments with the prior approval of the
Ministry of Defence. No such item should be sold within the country to any other person or
entity. The export of manufactured items would be subject to policy and guidelines as
applicable to Ordnance Factories and Defence Public Sector Undertakings. Non-lethal items
would be permitted for sale to persons/entities other than the Central or State Governments with
the prior approval of the Ministry of Defence. Licensee would also need to institute a verifiable
system of removal of all goods out of their factories. Violation of these provisions may lead to
cancellation of the licence.
(xvi) All applications seeking permission of the Government for FDI in defence would be made to
the Secretariat of Foreign Investment Promotion Board (FIPB) in the Department of Economic
Affairs.
(xvii) Applications for FDI up to 49% will follow the existing procedure with proposals involving
inflows in excess of Rs. 1200 crore being approved by Cabinet Committee on Economic Affairs
(CCEA).
(xviii) Based on the recommendation of the Ministry of Defence and FIPB, approval of the Cabinet
Committee on Security (CCS) will be sought by the Ministry of Defence in respect of cases
seeking permission of the Government for FDI beyond 49% which are likely to result in access
to modern and `state-of-art' technology in the country.
(xix) Proposals for FDI beyond 49% with proposed inflow in excess of Rs. 1200 crores, which are to
be approved by CCS will not require further approval of the Cabinet Committee on Economic
Affairs (CCEA).
(xx) Government decision on applications for FDI in defence industry sector will be normally
communicated within a time frame of 10 weeks from the date of acknowledgement.
(xxi) For the proposal seeking Government approval for foreign investment beyond 49% applicant
should be Indian company/foreign investor. Further condition at para (iii) above will not apply
on such proposals.
[No. FEMA/319/2014-RB/F. No. 1/32/E4/2014]
C. D. SRINIVASAN, Chief General Manager¹Hkkx IIµ[k.M 3 (i)º Hkkjr dk jkti=k % vlk/kj.k 7
Foot Note:—
(i) @ It is clarified that no person will be adversely affected as a result of the retrospective effect being given to
these Regulations.
(ii) The Principal Regulations were published in the Official Gazette vide G.S.R. No.406 (E) dated May 8, 2000 in
Part II, Section 3, sub-Section (i) and subsequently amended as under:-
G.S.R.No. 158(E) dated 02.03.2001 G.S.R.No. 606(E) dated 03.08.2012
G.S.R.No. 175(E) dated 13.03.2001 G.S.R.No. 795(E) dated 30.10.2012
G.S.R.No. 182(E) dated 14.03.2001 G.S.R.No. 796(E) dated 30.10.2012
G.S.R.No. 4(E) dated 02.01.2002 G.S.R. No. 797(E) dated 30.10.2012
G.S.R.No. 574(E) dated 19.08.2002 G.S.R.No. 945 (E) dated 31.12.2012
G.S.R.No. 223(E) dated 18.03.2003 G.S.R. No.946(E) dated 31.12.2012
G.S.R.No. 225(E) dated 18.03.2003 G.S.R. No.38(E) dated 22.01.2013
G.S.R.No. 558(E) dated 22.07.2003 G.S.R.No.515(E) dated 30.07.2013
G.S.R.No. 835(E) dated 23.10.2003 G.S.R.No.532(E) dated 05.08.2013
G.S.R.No. 899(E) dated 22.11.2003 G.S.R. No.341(E) dated 28.05.2013
G.S.R.No. 12(E) dated 07.01.2004 G.S.R.No.344(E) dated 29.05.2013
G.S.R.No. 278(E) dated 23.04.2004 G.S.R. No.195(E) dated 01.04.2013
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अअअअििििधधधधससससचचूूचचूू ननननाााा
मुंबई, 5 िसतंबर, 2014
ििििववववददददेशेशेशेशीीीी ममममु(cid:30)ु(cid:30)ु(cid:30)ु(cid:30)ाााा (cid:9)(cid:9)(cid:9)(cid:9)बबबबधधंंधधंं (भभभभााााररररतततत सससस ेेेेबबबबााााहहहहरररर ककककेेेे ििििननननववववााााससससीीीी (cid:5)(cid:5)(cid:5)(cid:5)ककककससससीीीी ####िििि$$$$ %%%%ाााारररराााा (cid:9)(cid:9)(cid:9)(cid:9)ििििततततभभभभििूूििूूतततत ककककाााा अअअअततंंततंं ररररणणणण अअअअथथथथववववाााा ििििननननगगगगमम(cid:18)(cid:18)मम(cid:18)(cid:18) ) (13ववववाााा ंं ंंससससशशंंशशंं ोोोोधधधधनननन)
ििििववववििििननननययययममममााााववववललललीीीी, 2011114
ससससाााा....ककककाााा....ििििनननन.... 888800000000((((अअअअ))))....————िवदेशी मु(cid:3)ा (cid:5)बंध अिधिनयम,1999 (1999 का 42) क(cid:7) धारा 6 क(cid:7) उप-धारा (3) के खडं
(बी) और धारा 47 (cid:8)ारा (cid:5)द(cid:11) शि(cid:14)य(cid:16) का (cid:5)योग करते (cid:20)ए भारतीय (cid:22)रज़व (cid:25) ब(cid:27)क एत(cid:29)ारा िवदेशी मु(cid:3)ा (cid:5)बंध (भारत से बाहर
के िनवासी कसी #ि(cid:14) (cid:8)ारा (cid:5)ितभूित का अंतरण अथवा िनग(cid:25)म) िविनयमावली, 2000 (3 मई 2000 क(cid:7) अिधसूचना
सं.फेमा. 20/2000-आरबी) म ’ िन=िलिखत संशोधन करता ह,ै अथा(cid:25)त:—8 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
1111.... ससससंिंिंिंि(cid:31)(cid:31)(cid:31)(cid:31) ननननाााामममम औऔऔऔरररर (cid:17)(cid:17)(cid:17)(cid:17)ााााररररंंंंभभभभ....————(i) ये िविनयम िवदेशी मु(cid:3)ा (cid:5)बंध (भारत से बाहर के िनवासी कसी #ि(cid:14) (cid:8)ारा
(cid:5)ितभूित का अंतरण अथवा िनग(cid:25)म) (चौदहवां संशोधन) िविनयमावली, 2014 कहलाएंगे।
(ii) वे 27 अग0त 2014 से लाग ूह(cid:16)ग@े ।
2222.... अअअअननननससुुससुु चचूूचचूू ीीीी 1111 मममम (cid:13)(cid:13) (cid:13)(cid:13) ससससशशंंशशंं ोोोोधधधधनननन....————िवदेशी मु(cid:3)ा (cid:5)बंध (भारत से बाहर के िनवासी कसी #ि(cid:14) (cid:8)ारा (cid:5)ितभूित का अंतरण
अथवा िनग(cid:25)म) िविनयमावली, 2000 (3 मई 2000 क(cid:7) अिधसूचना सं.फेमा. 20/2000-आरबी) म,’ अनुसूची 1 म,’
((((AAAA)))) वत(cid:25)मान संल;क 'A' िन=िलिखत से (cid:5)ित0थािपत कया जाएगा अथा(cid:25)त
""""ससससललंंललंं $$$$कककक AAAA""""
(cid:17)(cid:17)(cid:17)(cid:17)%%%%यययय(cid:31)(cid:31)(cid:31)(cid:31) ििििववववददददेशेशेशेशीीीी ििििननननववववशशेेशशेे ककककेेेे ििििललललएएएए (cid:17)(cid:17)(cid:17)(cid:17)ििििततततबबबबंिंिंिंिधधधधतततत ((((ििििननननििििषषषष++++)))) (cid:31)(cid:31)(cid:31)(cid:31)--ेे--ेे
िन( निलिखत म ’(cid:5)Aय6 िवदेशी िनवेश (cid:5)ितबंिधत (िनिषD) ह:ै
ए. सरकारी / िनजी लॉटरी, ऑनलाइन लॉटरी, आ द सिहत लॉटरी कारोबार।
बी. कैिसनो सिहत जुआ और सIेबाजी।
सी. िचटफंड
डी िनिध कंपनी
ई. अंतरणीय िवकास 0वAवािधकार(cid:16) (टीडीआर) के #ापार
एफ. 0थावर ((cid:22)रयल) संपदा कारोबार अथवा फॉम (cid:25) हाउस(cid:16) का िनमा(cid:25)ण
जी. तंबाकू अथवा तंबाकू जैस ेपदाथ(cid:25) के िसगार, िचMट, िसगरोल तथा िसगरेट का िनमा(cid:25)ण
एच. िनजी 6े7गत िनवेश के िलए न खोले गए काय(cid:25)कलाप/6े7 अथात(cid:25) (I) परमाण ुऊजा (cid:25)और (II) रेलवे
प(cid:22)रचालन (संल;क B क(cid:7) (cid:5)िवि< 18 म ’ अनुमत गितिविधय(cid:16) से िभO)।
(cid:1)(cid:1)(cid:1)(cid:1)टटटट////पपपपणणणणीीीी:::: P’चाइजी, Qेडमाक(cid:25), Sांड नाम, (cid:5)बंध संिवदा के िलए लाइस’Tसग सिहत कसी भी Mप म ’ िवदेशी (cid:5)ौUोिगक(cid:7) का
सहयोग लॉटरी कारोबार तथा जुआ और सIेबाजी काय(cid:25)कलाप(cid:16) के िलए भी िनिषD ह।ै
((((BBBB)))) संल;क 'B' म ’ संशोधन
(a) वतम(cid:25) ान (cid:5)िवि< 12.1 म,’ खंड (ii) एवं (iii) के िलए िन=िलिखत (cid:5)ित0थािपत कए जाएंग,े अथा(cid:25)त:
"(ii) “बुिनयादी संरचना” का ताA पय(cid:25) ऐसी सुिवधाX स े ह ै जो औUोिगक पाक(cid:25) म ’ ि0थत इकाइय(cid:16) के काय-(cid:25) संचालन के िलए
अपेि6त ह (cid:27) और िजनम ’ सड़क’ (प(cid:20)चं न े के माग (cid:25) सिहत), िवUुतीकृत रेलव े लाइन तथा मेन रेलव े लाइन को जोड़न े वाली
लाइन(cid:16) सिहत रेलव े लाइन/’साइTडग, जल आपू[त और अप-जल िनकासी, अपगामी जल उपचार क(cid:7) साव(cid:25)जिनक सुिवधा,
दरू संचार नेटवक(cid:25), िबजली का उA पादन व िवतरण, वातानुकूलन, आ द शािमल ह।(cid:27)
(iii) “सामा\ य सुिवधाX” से अिभ(cid:5)ते ह ै औUोिगक पाक(cid:25) म ’ ि0थत सभी इकाइय(cid:16) को उपल8ध कराई जान े वाली सुिवधाएं
और िजनम ’ िबजली, सड़क’ (प(cid:20)चं न े के माग (cid:25) सिहत), िवUतु ीकृत रेलव े लाइन तथा मेन रेलव े लाइन को जोड़न े वाली लाइन(cid:16)
सिहत रेलव े लाइन/’साइTडग, जल आपू[त और अप-जल िनकासी, अपगामी जल उपचार क(cid:7) सामा\य ]य व0थ ा, सामा\य
टेT0टग, दरू संचार सेवाए,ं वातानुकूलन, साव(cid:25)जिनक सुिवधा भवन, औUोिगक क(cid:27)टीन क\व े\श न/स(म ले न भवन, पा_कग,
या7ा (Qेवले ) डे0 क, सरु 6ा सेवा, (cid:5)थमोपचार क’(cid:3), एंबुल’स और अ\य सरु 6ा सेवाए,ं (cid:5)िश6ण सुिवधाएं तथा औUोिगक पाक(cid:25)
म’ ि0थत इकाइय(cid:16) के सामा\ य उपयोग हते ु उपल8ध इसी (cid:5)कार क(cid:7) अ\य सुिवधाए ं शािमल ह।(cid:27)
((((CCCC)))) वत(cid:25)मान (cid:5)िवि< (entry) 25, 25.1 तथा 25.2 को ‘मश: 17, 17.1 तथा 17.2 के Mप म ’पुन‘(cid:25)मां कत कया जाएगा।
((((DDDD)))) वत(cid:25)मान (cid:5)िवि< सं. 17, 17.1 तथा 17.2 को ‘मश: F.1, F.1.1, F.1.1.2 के Mप म ’पुन‘(cid:25)मां कत कया जाएगा।
((((EEEE)))) वत(cid:25)मान (cid:5)िवि< सं. 18, 18.1 तथा 18.2 को ‘मश: F.2, F.2.1, F.2.2 के Mप म ’पनु ‘(cid:25)मां कत कया जाएगा
((((FFFF)))) वत(cid:25)मान िवि< सं. 19 तथा 19.1 को ‘मश: F.3 तथा F.3.1 के Mप म ’पनु ‘(cid:25)मां कत कया जाएगा¹Hkkx IIµ[k.M 3 (i)º Hkkjr dk jkti=k % vlk/kj.k 9
((((GGGG)))) वतम(cid:25) ान (cid:5)िवि< सं. 20, 20.1, 20.2 तथा 20.3 को ‘मश: F.4, F.4.1, F.4.2 तथा F.4.3 के Mप म ’ पुन‘(cid:25)मां कत कया
जाएगा।
((((HHHH)))) वत(cid:25)मान (cid:5)िवि< सं. 21, 21.1 तथा 21.2 को ‘मश: F.5, F.5.1 तथा F.5.2 के Mप म ’पनु ‘(cid:25)मां कत कया जाएगा।
((((IIII)))) वत(cid:25)मान (cid:5)िवि< सं. 22, 22.1, 22.2 तथा 22.2.1 को ‘मश: F.6, F.6.1, F.6.2 तथा F.6.2.1 के Mप म ’ पुन‘(cid:25)मां कत
कया जाएगा।
((((JJJJ)))) वत(cid:25)मान (cid:5)िवि< सं. 23, 23.1 तथा 23.2 को ‘मश: F.7, F.7.1 तथा F.7.2 के Mप म ’पनु ‘(cid:25)मां कत कया जाएगा।
((((KKKK)))) वत(cid:25)मान (cid:5)िवि< सं. 24, 24.1 तथा 24.2 को ‘मश: F.8, F.8.1 तथा F.8.2 के Mप म ’पनु ‘(cid:25)मां कत कया जाएगा।
((((LLLL)))) वतम(cid:25) ान (cid:5)िवि< सं. 26, 26.1 तथा 26.2 को ‘मश: F.9, F.9.1 तथा F.9.2 के Mप म ’पनु ‘(cid:25)मां कत कया जाएगा।
((((MMMM)))) पुन‘(cid:25)मां कत (cid:5)िवि< 17 के बाद, िन=िलिखत (cid:5)िवि< जोड़ी जाएगी:
)))).... सससस..ंं..ंं (cid:1)(cid:1)(cid:1)(cid:1)(cid:3)(cid:3)ेे(cid:3)(cid:3)ेे ////गगगगििििततततििििववववििििधधधध ईईईई(cid:5)(cid:5)(cid:5)(cid:5)(cid:6)(cid:6)(cid:6)(cid:6)टटटटीीीी////एएएएफफफफडडडडीीीीआआआआईईईई ककककैैैैपपपप (cid:9)(cid:9)(cid:9)(cid:9)ववववेशेशेशेश ममममाााागगगग (cid:18)(cid:18) (cid:18)(cid:18)
ककककाााा (cid:9)(cid:9)(cid:9)(cid:9)ििििततततशशशशतततत
11118888 ररररेेेेललललवववव ेे ेेइइइइंंंं++++ाााा,,,,----....चचचचरररर
िनgिलिखत का िनमाण(cid:27) , प#रचालन और रखरखाव (म(cid:18)#टन(cid:18)स) 100% *वचािलत
(i) सरकारी िनजी सहभािगता के तहत सबब(cid:27)न का#रडोर 4ोजे hस, (ii) *पीड Vेन
4ोजे hस, (iii) समUपत iेट लाइन,(cid:18) (iv) Vेन सेhस सिहत रोjलग *टाक एवं
लोकोमो#टaस/कोच; का िनमाण(cid:27) एवं रखरखाव सुिवधाएं, (v) रेलवे िव(cid:7)ुतीकरण, (vi)
िसkjलग िस*टम, (vii) मालभाड़ा (iेट) टUमन5स, (viii) याGी टUमन5स, (ix)
िव(cid:7)ुतीकृत रेलवे लाइन; और मेन रेलवे लाइन; हते ु कनेि टिवटी ़ सिहत रेलवे
लाइन;/साइjडmस से संबंिधत औ(cid:7)ोिगक पाकn म (cid:18) इंiा*V चर एवं (x) मास रैिपड
टां*पोट(cid:27) िस*टम।
नोट:—
उि5लिखत गितिविधया ं(काय)(cid:27) 48य(cid:3) िवदशे ी िनवेशगत िनजी सहभािगता के िलए खुली ह ?व 48य(cid:3) िवदशे ी िनवेश रेल मंGालय
के से टोरल Aदशािनदश‘ ; के अधीन ह।?
संवेदनशील (cid:3)ेG; म (cid:18) 49% स े अिधक 48य(cid:3) िवदशे िनवेश के 4*ताव रेल मंGालय Dारा सुर(cid:3)ा संबंधी कैिबनेट कमीटी के सम(cid:3)
मामले – दर - मामल ेके आधार पर अनुमोदनाथ (cid:27)रखे जाएंगे।
[सं. फेमा. 320/2014-आरबी/ सं.1/324/2014]
सी. डी. ?ीिनवासन, मु@य महा(cid:5)बंधक
फफफफुुुुटटटट ननननोोोोटटटट::::————
(i) @ यह *प[ Aकया जाता ह ैAक इन िविनयम; को पूव(cid:27)4भावी करने के कारण Aकसी भी BिC पर कोई 4ितकूल असर नह( पड़ेगा ।
(ii) मूल िविनयमावली 8 मई 2000 के जीएसआर संKया. 406(ई) के Dारा शासक/य राजपG के भाग II, खंड 3, उप-खंड (i), म (cid:18)
4कािशत और बाद म (cid:18)िनgानुसार संशोिधत क/ गयी थी:—
सा.का.िन. सं. 158(अ) Aदनांक 02.03.2001 सा.का.िन. सं. 225(अ) Aदनांक 18.03.2003
सा.का.िन. सं. 175(अ) Aदनांक 13.03.2001 सा.का.िन. सं. 558(अ) Aदनांक 22.07.2003
सा.का.िन. सं. 182(अ) Aदनांक 14.03.2001 सा.का.िन. सं. 835(अ) Aदनांक 23.10.2003
सा.का.िन. सं. 4(अ) Aदनांक 02.01.2002 सा.का.िन. सं. 899(अ) Aदनांक 22.11.2003
सा.का.िन. सं. 574(अ) Aदनांक 19.08.2002 सा.का.िन. सं. 12(अ) Aदनांक 07.01.2004
सा.का.िन. सं. 223(अ) Aदनांक 18.03.2003 सा.का.िन. सं. 278(अ) Aदनांक 23.04.200410 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
सा.का.िन. सं. 454(अ) Aदनांक 16.07.2004 सा.का.िन. सं. 945(अ) Aदनांक 31.12.2012
सा.का.िन. सं. 625(अ) Aदनांक 21.09.2004 सा.का.िन. सं. 946(अ) Aदनांक 31.12.2012
सा.का.िन. सं. 799(अ) Aदनांक 08.12.2004 सा.का.िन. सं. 38(अ) Aदनांक 22.01.2013
सा.का.िन. सं. 201(अ) Aदनांक 01.04.2005 सा.का.िन. सं. 515(अ) Aदनांक 30.07.2013
सा.का.िन. सं. 202(अ) Aदनांक 01.04.2005 सा.का.िन. सं. 532(अ) Aदनांक 05.08.2013
सा.का.िन. सं. 341(अ) Aदनांक 28.05.2013
सा.का.िन. सं. 504(अ) Aदनांक 25.07.2005
सा.का.िन. सं. 344(अ) Aदनांक 29.05.2013
सा.का.िन. सं. 505(अ) Aदनांक 25.07.2005
सा.का.िन. सं. 195(अ) Aदनांक 01.04.2013
सा.का.िन. सं. 513(अ) Aदनांक 29.07.2005
सा.का.िन. सं. 393(अ) Aदनांक 21.06.2013
सा.का.िन. सं. 738(अ) Aदनांक 22.12.2005 सा.का.िन. सं. 591(अ) Aदनांक 04.09.2013
सा.का.िन. सं. 29(अ) Aदनांक 19.01.2006 सा.का.िन. सं. 596(अ) Aदनांक 06.09.2013
सा.का.िन. सं. 597(अ) Aदनांक 06.09.2013
सा.का.िन. सं.413(अ) Aदनांक 11.07.2006
सा.का.िन. सं. 681(अ) Aदनांक 11.10.2013
सा.का.िन. सं. 712(अ) Aदनांक 14.11.2007
सा.का.िन. सं. 682(अ) Aदनांक 11.10.2013
सा.का.िन. सं. 713(अ) Aदनांक 14.11.2007 सा.का.िन. सं. 818(अ) Aदनांक 31.12.2013
सा.का.िन. सं. 737(अ) Aदनांक 29.11.2007 सा.का.िन. सं. 805(अ) Aदनांक 30.12.2013
सा.का.िन. सं. 683(अ) Aदनांक 11.10.2013
सा.का.िन. सं. 575(अ) Aदनांक 05.08.2008
सा.का.िन. सं. 189(अ) Aदनांक 19.03.2014
सा.का.िन. सं. 896(अ) Aदनांक 30.12.2008
सा.का.िन. सं. 190(अ) Aदनांक 19.03.2014
सा.का.िन. सं. 851(अ) Aदनांक 01.12.2009
सा.का.िन. सं. 270(अ) Aदनांक 07.04.2014
सा.का.िन. सं. 341(अ) Aदनांक 21.04.2010 सा.का.िन. सं. 361(अ) Aदनांक 27.05.2014
सा.का.िन. सं. 370(अ) Aदनांक 30.05.2014
सा.का.िन. सं. 821(अ) Aदनांक 10.11.2012
सा.का.िन. सं. 371(अ) Aदनांक 30.05.2014
सा.का.िन. सं. 606(अ) Aदनांक 03.08.2012
सा.का.िन. सं. 435(अ) Aदनांक 08.07.2014
सा.का.िन. सं. 795(अ) Aदनांक 30.10.2012
सा.का.िन. सं. 400(अ) Aदनांक 12.06.2014
सा.का.िन. सं. 796(अ) Aदनांक 30.10.2012 सा.का.िन. सं. 436(अ) Aदनांक 08.07.2014
सा.का.िन. सं. 797(अ) Aदनांक 30.10.2012
NOTIFICATION
Mumbai, the 5th September, 2014
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Fourteenth
Amendment) Regulations, 2014
G.S.R. 800(E).—In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section
47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following
amendments in the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India)
Regulations, 2000 (Notification No. FEMA.20/2000-RB dated 3rd May 2000), namely:—
1. Short Title & Commencement.—(i) These Regulations may be called the Foreign Exchange Management
(Transfer or Issue of Security by a Person Resident outside India) (Fourteenth Amendment) Regulations, 2014.
(ii) They shall come into force from August 27, 2014@.
2. Amendment of Schedule 1.—In the Foreign Exchange Management (Transfer or Issue of Security by a
Person Resident outside India) Regulations, 2000, (Notification No. FEMA 20/2000-RB dated 3rd May 2000), in
Schedule 1,
(A) For the existing Annexure ‘A’ the following shall be substituted namely:—
“Annexure A”
Sectors Prohibited for FDI¹Hkkx IIµ[k.M 3 (i)º Hkkjr dk jkti=k % vlk/kj.k 11
FDI is prohibited in:
(a) Lottery Business including Government/ private lottery, online lotteries, etc.
(b) Gambling and Betting including casinos etc.
(c) Chit funds
(d) Nidhi company
(e) Trading in Transferable Development Rights (TDRs)
(f) Real Estate Business or Construction of Farm Houses
(g)Manufacturing of Cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes
(h) Activities / sectors not open to private sector investment e.g. (I) Atomic energy and (II) Railway operations
(other than permitted activities mentioned in entry 18 of Annex B).
Note: Foreign technology collaboration in any form including licensing for franchise, trademark, brand name,
management contract is also prohibited for Lottery Business and Gambling and Betting activities.”
(B) Amendment to Annexure B
(a) In the existing entry 12.1, for the clauses (ii) and (iii), the following shall be substituted, namely:
“(ii) Infrastructure” refers to facilities required for functioning of units located in the Industrial Park and
includes roads (including approach roads), railway line/sidings including electrified railway lines
and connectivities to the main railway line, water supply and sewerage, common effluent treatment
facility, telecom network, generation and distribution of power, air conditioning.
(iii) “Common Facilities” refer to the facilities available for all the units located in the industrial park,
and include facilities of power, roads (including approach roads), railway line/sidings including
electrified railway lines and connectivities to the main railway line, water supply and sewerage,
common effluent treatment, common testing, telecom services, air conditioning, common facility
buildings, industrial canteens, convention/conference halls, parking, travel desks, security service,
first aid center, ambulance and other safety services, training facilities and such other facilities
meant for common use of the units located in the Industrial Park.”
(C) the existing entry 25 , 25.1 and 25.2 shall be renumbered as 17, 17.1 and 17.2 respectively.
(D) the existing entry 17, 17.1 and 17.2 shall be renumbered as F.1, F.1.1, F.1.1.2 respectively.
(E) the existing entry 18, 18.1 and 18.2 shall be renumbered as F.2, F.2.1, F.2.2 respectively.
(F) the existing entry 19 and 19.1 shall be renumbered as F.3 and F.3.1, respectively.
(G) the existing entry 20, 20.1, 20.2 and 20.3 shall be renumbered as F.4, F.4.1, F.4.2 and F.4.3 respectively.
(H) the existing entry 21, 21.1 and 21.2 shall be renumbered as F.5, F.5.1 and F.5.2 respectively.
(I) the existing entry 22, 22.1, 22.2 and 22.2.1 shall be renumbered as F.6, F.6.1, F.6.2 and F.6.2.1 respectively.
(J) the existing entry 23, 23.1 and 23.2 shall be renumbered as F.7, F.7.1 and F.7.2 respectively.
(K) the existing entry 24, 24.1 and 24.2 shall be renumbered as F.8, F.8.1 and F.8.2 respectively.
(L) the existing entry 26, 26.1 and 26.2 shall be renumbered as F.9, F.9.1 and F.9.2 respectively.
(M) After the renumbered entry 17, the following entry shall be added:
Sl. Sector/Activity % of Entry
No. Equity/ Route
FDI Cap
18 Railway Infrastructure
Construction, operation and maintenance of the following: 100% Automatic
(i)Suburban corridor projects through PPP, (ii) speed train projects, (iii)
Dedicated freight lines, (iv) Rolling stock including train sets, and
locomotives/coaches manufacturing and maintenance facilities, (v)
Railway Electrification, (vi) Signaling systems, (vii) Freight terminals,
(viii) Passenger terminals (ix) Infrastructure in industrial park pertaining
to railway line/sidings including electrified railway lines and
connectivities to main railway line and (x) Mass Rapid Transport
Systems.
Note:-
(i) Foreign Direct Investment in the abovementioned activities open to private participation including FDI
is subject to sectoral guidelines of Ministry of Railways.
(ii) Proposals involving FDI beyond 49 in sensitive areas from security point of view, will be brought by
the Ministry of Railways before the Cabinet Committee on Security (CCS) for consideration on a case to
case basis.
[No. FEMA/319/2014-RB/F. No. 1/32/E4/2014]
C. D. SRINIVASAN, Chief General Manager12 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
Foot Note:—
(i) @ It is clarified that no person will be adversely affected as a result of the retrospective effect being given to these
Regulations.
(ii) The Principal Regulations were published in the Official Gazette vide G.S.R. No.406 (E) dated May 8, 2000 in
Part II, Section 3, sub-Section (i) and subsequently amended as under:-
G.S.R. No. 158(E) dated 02.03.2001 G.S.R. No. 606(E) dated 03.08.2012
G.S.R. No. 175(E) dated 13.03.2001 G.S.R. No. 795(E) dated 30.10.2012
G.S.R. No. 182(E) dated 14.03.2001 G.S.R. No. 796(E) dated 30.10.2012
G.S.R. No. 4(E) dated 02.01.2002 G.S.R. No. 797(E) dated 30.10.2012
G.S.R. No. 574(E) dated 19.08.2002 G.S.R. No. 945 (E) dated 31.12.2012
G.S.R. No. 223(E) dated 18.03.2003 G.S.R. No. 946(E) dated 31.12.2012
G.S.R. No. 225(E) dated 18.03.2003 G.S.R. No. 38(E) dated 22.01.2013
G.S.R. No. 558(E) dated 22.07.2003 G.S.R.No. 515(E) dated 30.07.2013
G.S.R. No. 835(E) dated 23.10.2003 G.S.R.No. 532(E) dated 05.08.2013
G.S.R. No. 899(E) dated 22.11.2003 G.S.R. No. 341(E) dated 28.05.2013
G.S.R. No. 12(E) dated 07.01.2004 G.S.R. No. 344(E) dated 29.05.2013
G.S.R. No. 278(E) dated 23.04.2004 G.S.R. No. 195(E) dated 01.04.2013
G.S.R. No. 454(E) dated 16.07.2004 G.S.R. No. 393(E) dated 21.06.2013
G.S.R. No. 625(E) dated 21.09.2004 G.S.R. No. 591(E) dated 04.09.2013
G.S.R. No. 799(E) dated 08.12.2004 G.S.R. No. 596(E) dated 06.09.2013
G.S.R. No. 201(E) dated 01.04.2005 G.S.R. No. 597(E) dated 06.09.2013
G.S.R. No. 202(E) dated 01.04.2005 G.S.R. No. 681(E) dated 11.10.2013
G.S.R. No. 504(E) dated 25.07.2005 G.S.R. No. 682(E) dated 11.10.2013
G.S.R. No. 505(E) dated 25.07.2005 G.S.R. No. 818(E) dated 31.12.2013
G.S.R. No. 513(E) dated 29.07.2005 G.S.R. No. 805(E) dated 30.12.2013
G.S.R. No. 738(E) dated 22.12.2005 G.S.R. No. 683(E) dated 11.10.2013
G.S.R. No. 29(E) dated 19.01.2006 G.S.R. No. 189(E) dated 19.03.2014
G.S.R. No. 413(E) dated 11.07.2006 G.S.R. No. 190(E) dated 19.03.2014
G.S.R. No. 712(E) dated 14.11.2007 G.S.R. No. 270(E) dated 07.04.2014
G.S.R. No. 713(E) dated 14.11.2007 G.S.R. No. 361 (E) dated 27.05.2014
G.S.R. No. 737(E) dated 29.11.2007 G.S.R.No. 370(E) dated 30.05.2014
G.S.R. No. 575(E) dated 05.08.2008 G.S.R. No. 371(E) dated 30.05.2014
G.S.R. No. 896(E) dated 30.12.2008 G.S.R. No. 435 (E) dated 08.07.2014
G.S.R. No. 851(E) dated 01.12.2009 G.S.R. No. 400 (E) dated 12.06.2014
G.S.R. No. 341 (E) dated 21.04.2010 G.S.R. No. 436 (E) dated 08.07.2014
G.S.R. No. 821 (E) dated 10.11.2012
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and Published by the Controller of Publications, Delhi-110054.