Foreign direct investment by Bangladeshi citizens/entities permitted with prior government approval, subject to Schedule I conditions. A citizen of Bangladesh or an entity incorporated in Bangladesh may purchase shares and convertible debentures of an Indian company under the Foreign Direct Investment scheme with the prior approval of the Foreign Investment Promotion Board, subject to the terms and conditions specified in Schedule I to the FEMA Transfer or Issue of Security Regulations; Authorised Dealer Category I banks should notify their customers accordingly.
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 by Bangladeshi citizens/entities permitted with prior government approval, subject to Schedule I conditions.
A citizen of Bangladesh or an entity incorporated in Bangladesh may purchase shares and convertible debentures of an Indian company under the Foreign Direct Investment scheme with the prior approval of the Foreign Investment Promotion Board, subject to the terms and conditions specified in Schedule I to the FEMA Transfer or Issue of Security Regulations; Authorised Dealer Category I banks should notify their customers accordingly.
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