Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Foreign investment in Indian unincorporated businesses prohibited without Reserve Bank permission under FEMA regulations</h1> Foreign Exchange Management Act regulations prohibit persons residing outside India from investing in Indian firms, proprietary concerns, or associations of persons through capital contributions. However, the Reserve Bank may grant permission for such investments upon application, subject to terms and conditions deemed necessary. These restrictions aim to regulate foreign investment in unincorporated business entities in India, with the central bank retaining discretionary authority to allow exceptions based on specific circumstances and compliance requirements.
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