BASED ON FEMA, 1999, FEMA RULES BY GOVERNMENT OF INDIA, AMENDED AND REVISED FEMA REGULATIONS, MASTER DIRECTIONS AND A.P. (DIR SERIES) CIRCULARS ISSUED BY RESERVE BANK OF INDIA UPDATED AS ON DATE AND THE PRESS NOTES, FDI CONSOLIDATED POLICY CIRCULAR ISSUED BY THE MINISTRY OF INDUSTRY AND COMMERCE, GOVERNMENT OF INDIA.