Method of payment for foreign investment: remit through banking channels or debit investor's authorised India account under regulatory rules. Payment for foreign investment must be made by remittance from abroad through normal banking channels or by debit to an investor's account maintained with an authorised person in India, in accordance with regulations made by the Reserve Bank under the Act.
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.
Provisions expressly mentioned in the judgment/order text.
Method of payment for foreign investment: remit through banking channels or debit investor's authorised India account under regulatory rules.
Payment for foreign investment must be made by remittance from abroad through normal banking channels or by debit to an investor's account maintained with an authorised person in India, in accordance with regulations made by the Reserve Bank under the Act.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.