Chapter VINVESTMENT BY AN INDIVIDUAL PERSON RESIDENT OUTSIDE INDIA INCLUDING A NONRESIDENT INDIAN OR AN OVERSEAS CITIZEN OF INDIA (From Rule 12 to Rule 13 )
Chapter XINVESTMENT BY PERMISSIBLE HOLDER IN EQUITY SHARES OF PUBLIC COMPANIES INCORPORATED IN INDIA AND LISTED ON INTERNATIONAL EXCHANGES (From Rule 34 )
Foreign investment restriction: inbound investments prohibited without permission; approval required with conditions before receipt or recording. Restriction on incoming foreign investment bars Indian entities, investment vehicles, venture capital funds, firms, associations of persons and ... Summary
Foreign investment restriction: inbound investments prohibited without permission; approval required with conditions before receipt or recording.
Restriction on incoming foreign investment bars Indian entities, investment vehicles, venture capital funds, firms, associations of persons and proprietary concerns from receiving or recording any investment from persons resident outside India; a proviso permits the Reserve Bank to grant permission on application and to impose conditions, noting that the earlier requirement to consult the Central Government has been omitted.
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