Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2018 - 20(R) (1)/2018-RB - Foreign Exchange Management
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Foreign investment rules updated: automatic route expanded, government approval required for certain investing companies, and sectoral conditions tightened. Amendments revise foreign investment rules: investing companies not registered as NBFCs and core investment companies require prior Government approval, whereas investing companies registered as NBFCs are eligible for 100% automatic route. Joint audit is mandated where a non-resident investor specifies an auditor with an international network. Sectoral adjustments include revised entry routes and conditions for civil aviation and Air India, exclusion of real estate broking from 'real estate business' permitting 100% automatic investment, and modified single brand retail sourcing norms with specified initial set-off and committee review for state-of-the-art products.
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 rules updated: automatic route expanded, government approval required for certain investing companies, and sectoral conditions tightened.
Amendments revise foreign investment rules: investing companies not registered as NBFCs and core investment companies require prior Government approval, whereas investing companies registered as NBFCs are eligible for 100% automatic route. Joint audit is mandated where a non-resident investor specifies an auditor with an international network. Sectoral adjustments include revised entry routes and conditions for civil aviation and Air India, exclusion of real estate broking from "real estate business" permitting 100% automatic investment, and modified single brand retail sourcing norms with specified initial set-off and committee review for state-of-the-art products.
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