Restrictions on receiving foreign investment require Reserve Bank permission for permitted exceptions, subject to necessary conditions. Receipt or recording of investment from a person resident outside India is prohibited for specified Indian entities and investment structures unless ... Summary
Restrictions on receiving foreign investment require Reserve Bank permission for permitted exceptions, subject to necessary conditions.
Receipt or recording of investment from a person resident outside India is prohibited for specified Indian entities and investment structures unless otherwise permitted under applicable foreign exchange law. The Reserve Bank may, on application and for sufficient reasons, permit such receipt or recording subject to necessary conditions. The earlier requirement for consultation with the Central Government has been omitted.
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