Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Thirteenth Amendment) Regulations, 2016 - 375/ 2016-RB - Foreign Exchange Management
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Foreign investment in Other Financial Services allowed full entry automatically when regulated, otherwise via government approval with conditions. Amendment replaces Paragraph F.8 to define Other Financial Services as activities regulated by a financial sector regulator and permits full foreign investment via the automatic route when regulated, subject to conditions. Activities not regulated or partially regulated require Government approval for foreign investment, with conditions including minimum capitalization. Statutory limits prescribed by specific Acts prevail, and downstream investments by entities in Other Financial Services are subject to sectoral regulations and the Foreign Exchange Management Regulations, 2000.
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 investment in Other Financial Services allowed full entry automatically when regulated, otherwise via government approval with conditions.
Amendment replaces Paragraph F.8 to define Other Financial Services as activities regulated by a financial sector regulator and permits full foreign investment via the automatic route when regulated, subject to conditions. Activities not regulated or partially regulated require Government approval for foreign investment, with conditions including minimum capitalization. Statutory limits prescribed by specific Acts prevail, and downstream investments by entities in Other Financial Services are subject to sectoral regulations and the Foreign Exchange Management Regulations, 2000.
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