Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
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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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