Under the Automatic Route for FDI in India the investors are required to 1 Give prior...........

Economic Affairs Foreign Investment

Under the Automatic Route for FDI in India, the investors are required to:

1) Give prior intimation to the Reserve Bank of India (RBI)

2) Give prior intimation to the FIPB.

Select the correct statement/s using codes given below:

1 only

2 only

Both 1 and 2

None of the above

1st and 2nd statements are contradictory.
If 1st statement is correct, 2nd statement must be incorrect.

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