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        FEMA

        Regulation 3 - Restrictions on Investment in a Firm or a Proprietary Concern in India by a Person Resident Outside India

        Foreign Exchange Management (Investment In Firm or Proprietary Concern In India) Regulations, 2000

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        Foreign investment restrictions: non residents barred from capital contributions to firms unless permitted by Reserve Bank with conditions. Persons resident outside India are prohibited from contributing to the capital of a firm, proprietary concern, or association of persons in India, except as otherwise provided by law; however, the Reserve Bank may permit such investment on application and subject to terms and conditions it deems necessary.
                          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.

                              Foreign investment restrictions: non residents barred from capital contributions to firms unless permitted by Reserve Bank with conditions.

                              Persons resident outside India are prohibited from contributing to the capital of a firm, proprietary concern, or association of persons in India, except as otherwise provided by law; however, the Reserve Bank may permit such investment on application and subject to terms and conditions it deems necessary.


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