Foreign investment restrictions: investments from countries sharing land border and Pakistani entities require prior government approval, including ownership transfers. The amendment requires that any investor or beneficial owner who is a citizen of, situated in, or an entity of a country sharing a land border with India may invest in India only with Government approval; a citizen or entity of Pakistan may invest only under the Government route outside sectors already prohibited for foreign investment; and any transfer of ownership that results in beneficial ownership falling within these restrictions likewise requires Government approval.
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 restrictions: investments from countries sharing land border and Pakistani entities require prior government approval, including ownership transfers.
The amendment requires that any investor or beneficial owner who is a citizen of, situated in, or an entity of a country sharing a land border with India may invest in India only with Government approval; a citizen or entity of Pakistan may invest only under the Government route outside sectors already prohibited for foreign investment; and any transfer of ownership that results in beneficial ownership falling within these restrictions likewise requires Government approval.
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