THE LAW OF FOREIGN DIRECT INVESTMENT
TOPIC- ‘AD CATEGORY-I BANK (Important terms in FDI)
AD Category-I Bank means a bank (Scheduled Commercial, State or Urban Cooperative) which is authorized under Section 10(1) of FEMA (Foreign Exchange Management Act) to undertake all current and capital account transactions according to the directions issued by the RBI from time to time.
The Law of Foreign Direct Investment-AD Category-I Bank
