Foreign investment restrictions prohibit investments unless authorised, while existing investments are preserved and conditional permission may be granted. Investment in India by a person resident outside India is prohibited unless authorised under the Foreign Exchange Management Act, 1999, or rules or ... Summary
Foreign investment restrictions prohibit investments unless authorised, while existing investments are preserved and conditional permission may be granted.
Investment in India by a person resident outside India is prohibited unless authorised under the Foreign Exchange Management Act, 1999, or rules or regulations made under it. Investments lawfully made and held on commencement of the Foreign Exchange Management (Debt Instruments) Regulations, 2019 are deemed to fall under those Regulations. The Reserve Bank may permit investment on application, for sufficient reasons, subject to necessary conditions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.