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Prohibition on overseas investment restricts residents from making or transferring investments abroad except as permitted under governing Act or rules. No person resident in India shall make or transfer any investment or financial commitment outside India, except as otherwise provided by the Act, these rules, regulations made or directions issued 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.
<h1>Prohibition on overseas investment restricts residents from making or transferring investments abroad except as permitted under governing Act or rules.</h1> No person resident in India shall make or transfer any investment or financial commitment outside India, except as otherwise provided by the Act, these rules, regulations made or directions issued under the Act.
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