Foreign investment liberalisation: full ownership permitted under automatic route after in-principle strategic disinvestment approval granted. The amendment to the Non-debt Instruments Rules inserts an entry in Schedule I after Sl. No. 4.2 permitting full foreign investment under the automatic route where the Government has granted an in-principle approval for strategic disinvestment of a PSU. The change creates a specific exception enabling foreign investors to acquire complete ownership without separate government approval in those strategic disinvestment cases and comes into force on publication in the Official Gazette.
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 liberalisation: full ownership permitted under automatic route after in-principle strategic disinvestment approval granted.
The amendment to the Non-debt Instruments Rules inserts an entry in Schedule I after Sl. No. 4.2 permitting full foreign investment under the automatic route where the Government has granted an in-principle approval for strategic disinvestment of a PSU. The change creates a specific exception enabling foreign investors to acquire complete ownership without separate government approval in those strategic disinvestment cases and comes into force on publication in the Official Gazette.
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