MINISTRY OF COMMUNICATIONS
(Department Of Telecommunications)
NOTIFICATION
New Delhi, the 23rd February, 2022
G.S.R. 154(E).—In exercise of the powers conferred by section 4 read with section 7 of the Indian Telegraph Act, 1885 (13 of 1885), the Central Government hereby makes the following rules to amend the Flight and Maritime Connectivity Rules, 2018, namely:-
1. (1) These rules may be called the Flight and Maritime Connectivity (Amendment) Rules, 2022.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Flight and Maritime Connectivity Rules, 2018, in the form in Annexure,-
(a) in paragraph 8,-
(A) for clause (ii), the following clause shall be substituted, namely:-
“(ii) Equity details:
Indian: ………………….
Foreign:
(i) Land Border sharing country…………………
(ii) Others……………….
Total………………………………..
(Certificate from Company Secretary/ Statutory Auditor countersigned by Director duly authorised by the company to be attached).”;
(B) for clause (iii), the following clause shall be substituted, namely:-
“(iii) FDI up to 100% under automatic route. Certified copy of FIPB / FIPP approval is required to be enclosed in case if FDI is from an entity of a country, which shares land border with India or beneficial owner of an investment into India is situated in or is a citizen of any such country.”;
(b) in paragraph 11, after clause (A), the following clause shall be inserted, namely:-
“(AA) I hereby certify that the norms of extant FDI policy including norms related to investment from entity/beneficial owners of the country which shares land border with India have been complied with.”.
[F. No. 20-504/2016-AS-I (Pt)]
S. B. SINGH, DDG(AS)
Note : The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 1211(E),
