Overseas investment requires bona fide foreign business activity, compliant subsidiary structures, and approvals for restricted jurisdictions or commitments. Overseas investment by a person resident in India must be made in a foreign entity undertaking bona fide business activity, subject to applicable limits ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Overseas investment requires bona fide foreign business activity, compliant subsidiary structures, and approvals for restricted jurisdictions or commitments.
Overseas investment by a person resident in India must be made in a foreign entity undertaking bona fide business activity, subject to applicable limits and conditions. The activity must be permissible under Indian and host-jurisdiction law, and subsidiary structures must meet foreign-entity structural requirements. Prior Central Government approval is required for investment, transfer, or securities swaps involving specified jurisdictions. The Central Government and Reserve Bank may permit financial commitments subject to conditions, while the Reserve Bank may prescribe aggregate outflow ceilings and approval thresholds.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.