Foreign direct investment transfers now under general permission, subject to sectoral caps, pricing rules and documentation compliance. Transfers of shares/convertible debentures between residents and non-residents are placed under general permission subject to conditions: transfers from residents to non-residents in automatic-route sectors (excluding financial services) require no prior Government approval if takeover rules are not attracted, post-transfer holdings comply with sectoral caps, and pricing follows SEBI/RBI guidelines. RBI grants general permission for private-sale transfers in both directions (except resident-to-non-resident in financial services) subject to Annex terms on pricing, documentation (FC-TRS, CA valuation, consent letters), payment/remittance procedures and reporting by ADs.
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 direct investment transfers now under general permission, subject to sectoral caps, pricing rules and documentation compliance.
Transfers of shares/convertible debentures between residents and non-residents are placed under general permission subject to conditions: transfers from residents to non-residents in automatic-route sectors (excluding financial services) require no prior Government approval if takeover rules are not attracted, post-transfer holdings comply with sectoral caps, and pricing follows SEBI/RBI guidelines. RBI grants general permission for private-sale transfers in both directions (except resident-to-non-resident in financial services) subject to Annex terms on pricing, documentation (FC-TRS, CA valuation, consent letters), payment/remittance procedures and reporting by ADs.
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