Foreign investment entry routes and sectoral caps govern cross-border equity transactions and pricing under FEMA non-debt rules. These rules govern foreign investment in non-debt instruments under FEMA by defining covered instruments and actors, prescribing entry routes (automatic or government) and sectoral caps, and setting conditions for issuance, acquisition, transfer, pledging and pricing of equity and related instruments. Distinct Schedules allocate rules for FDI, FPIs, NRIs/OCIs, FVCIs, LLPs, investment vehicles, depository receipts and IDRs. Pricing must follow SEBI guidelines for listed securities and certified arm's length valuations for unlisted securities; transfers that alter ownership or control must comply with entry routes, caps, conditionalities and RBI reporting.
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 entry routes and sectoral caps govern cross-border equity transactions and pricing under FEMA non-debt rules.
These rules govern foreign investment in non-debt instruments under FEMA by defining covered instruments and actors, prescribing entry routes (automatic or government) and sectoral caps, and setting conditions for issuance, acquisition, transfer, pledging and pricing of equity and related instruments. Distinct Schedules allocate rules for FDI, FPIs, NRIs/OCIs, FVCIs, LLPs, investment vehicles, depository receipts and IDRs. Pricing must follow SEBI guidelines for listed securities and certified arm's length valuations for unlisted securities; transfers that alter ownership or control must comply with entry routes, caps, conditionalities and RBI reporting.
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