FEMA A.P. (DIR) Circular dated 13.05.2010

Ankur Garg (Company Secretary and Compliance Officer)   (114773 Points)

14 May 2010  

Dear All,

 

Please find attached the FEMA A.P. (DIR) Circular dated 13.05.2010, wherein, AD Category-I banks may permit drawl of foreign exchange for payment of royalty and lump-sum payment under technical collaboration agreements without the approval of Ministry of Commerce and Industry, Government of India.

 

Regards,

Ankur Garg