Restriction on receiving foreign investment: prohibition unless Reserve Bank permits on application subject to conditions. Indian entities, mutual funds, venture capital funds, firms, associations of persons and proprietary concerns are prohibited from receiving or recording investments from persons resident outside India, except where the Reserve Bank, on application and for sufficient reasons, permits such receipt or recordation and may impose conditions on the permission.
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.
Restriction on receiving foreign investment: prohibition unless Reserve Bank permits on application subject to conditions.
Indian entities, mutual funds, venture capital funds, firms, associations of persons and proprietary concerns are prohibited from receiving or recording investments from persons resident outside India, except where the Reserve Bank, on application and for sufficient reasons, permits such receipt or recordation and may impose conditions on the permission.
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