Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Sixteenth Amendment) Regulations, 2016 - 379/2016-RB - Foreign Exchange Management
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Foreign investment in pension funds permitted under automatic route, subject to PFRDA registration and resident ownership and control. Foreign investment in Indian pension funds is permitted up to 49% under the automatic route, contingent on investors obtaining PFRDA registration and complying with PFRDA Act requirements for participation in pension fund management; Indian pension funds must ensure ownership and control remain with resident Indian entities as defined in Regulation 14 of the principal FEMA regulations.
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 pension funds permitted under automatic route, subject to PFRDA registration and resident ownership and control.
Foreign investment in Indian pension funds is permitted up to 49% under the automatic route, contingent on investors obtaining PFRDA registration and complying with PFRDA Act requirements for participation in pension fund management; Indian pension funds must ensure ownership and control remain with resident Indian entities as defined in Regulation 14 of the principal FEMA regulations.
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