The Law is based on Consolidated FDI Policy Circular No.1 of 2012 <br />1. Permitted Sectors -- Investment in Permitted Sectors can be made under the following two routes : -<br /><br />a. Automatic Route<br /><br />No prior approval required from the RBI or the GOI. Only Reserve Bank of India needs to be informed within specified period. <br /><br />b. Government Approval Route ('FIPB')<br /><br />Proposals falling outside the prohibited Sectors and not falling under automatic route require prior approval of Foreign Investment Promotion Board ('FIPB') <br /><br />2. Prohibited Sectors<br /><br />Foreign investment is not permitted in companies engaged in prohibited sectors -- Refer Para 6.1 of the Policy
