Foreign Exchange Management (Transfer or Issue of Security by A Person Resident Outside India) (Amendment) Regulations, 2014 - 296/2014-RB - Foreign Exchange Management
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FDI in pharmaceuticals: full automatic approval for greenfield projects; brownfield requires government route and restricts non compete. Amendment substitutes entry 25 in Annex B of Schedule I to provide that greenfield pharmaceutical projects are eligible for full foreign investment via the automatic route, while brownfield pharmaceutical projects require government approval and may be subject to conditions; inclusion of non compete clauses is disallowed except in special circumstances with approval from the designated authority.
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.
FDI in pharmaceuticals: full automatic approval for greenfield projects; brownfield requires government route and restricts non compete.
Amendment substitutes entry 25 in Annex B of Schedule I to provide that greenfield pharmaceutical projects are eligible for full foreign investment via the automatic route, while brownfield pharmaceutical projects require government approval and may be subject to conditions; inclusion of non compete clauses is disallowed except in special circumstances with approval from the designated authority.
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