Prohibition on direct overseas investment bars Indian parties from investing in entities located in FATF non-cooperative jurisdictions. Amendment adds clause (vii) to Regulation 6(2) prohibiting Indian parties from making direct investments in overseas entities set up or acquired as joint ventures, wholly owned subsidiaries, or step down subsidiaries located in jurisdictions identified by the FATF as non cooperative, according to the FATF list or as notified by the Reserve Bank of India.
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.
Prohibition on direct overseas investment bars Indian parties from investing in entities located in FATF non-cooperative jurisdictions.
Amendment adds clause (vii) to Regulation 6(2) prohibiting Indian parties from making direct investments in overseas entities set up or acquired as joint ventures, wholly owned subsidiaries, or step down subsidiaries located in jurisdictions identified by the FATF as non cooperative, according to the FATF list or as notified by the Reserve Bank of India.
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