Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
The amendment revises the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 to tighten foreign investment controls for investors linked to countries sharing a land border with India. Such investors, and investors whose beneficial ownership falls within those restrictions, may invest only under the Government route; citizens or entities of Pakistan are also confined to the Government route in sectors other than defence, space, atomic energy and other prohibited activities. Any direct or indirect transfer that brings beneficial ownership within these restrictions requires prior Government approval. The amendment also clarifies beneficial ownership concepts, exempts multilateral banks or funds of which India is a member from country attribution, introduces reporting for certain permitted investments, and treats participating interest or rights in oil fields as foreign investment subject to Schedule I.
The amendment revises the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 to tighten foreign investment controls for investors linked to countries sharing a land border with India. Such investors, and investors whose beneficial ownership falls within those restrictions, may invest only under the Government route; citizens or entities of Pakistan are also confined to the Government route in sectors other than defence, space, atomic energy and other prohibited activities. Any direct or indirect transfer that brings beneficial ownership within these restrictions requires prior Government approval. The amendment also clarifies beneficial ownership concepts, exempts multilateral banks or funds of which India is a member from country attribution, introduces reporting for certain permitted investments, and treats participating interest or rights in oil fields as foreign investment subject to Schedule I.
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