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 )
Restriction on foreign investment: residents abroad barred from investing except as permitted under FEMA rules; Reserve Bank may allow. Rule 3 prohibits persons resident outside India from making investments in India except as otherwise provided; investments held on the rules' commencement ... Summary
Restriction on foreign investment: residents abroad barred from investing except as permitted under FEMA rules; Reserve Bank may allow.
Rule 3 prohibits persons resident outside India from making investments in India except as otherwise provided; investments held on the rules' commencement are deemed made under these rules and governed accordingly. The Reserve Bank may, on application and for sufficient reasons, permit such persons to invest in India and may impose necessary conditions.
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