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of <h1>Foreign Investors Restricted from Making New Investments in India Without Specific Regulatory Approval and Permissions</h1> The statutory provision outlines restrictions on investments in India by non-resident entities under the Foreign Exchange Management Act. Generally, persons residing outside India are prohibited from making investments unless specifically permitted by regulations. The Reserve Bank retains discretionary power to grant exceptions upon application, subject to necessary conditions. Existing investments made prior to the rule's implementation are deemed compliant and will be governed by the current regulations.
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