Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) (Second Amendment) Regulations, 2007 - 167/2007 - Foreign Exchange Management
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Foreign direct investment access from Bangladesh allowed with prior approval under the FDI scheme, subject to specified conditions. Regulation 5 is amended to permit citizens of Bangladesh and entities incorporated in Bangladesh to purchase shares and convertible debentures of Indian companies under the FDI Scheme, subject to prior approval of the Foreign Investment Promotion Board and the terms and conditions specified in Schedule 1; Schedule 1 is substituted to state that persons referred to in clauses (i) and (ii) of sub regulation (1) of Regulation 5 may purchase such securities to the extent and on the terms set out in the Schedule.
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 direct investment access from Bangladesh allowed with prior approval under the FDI scheme, subject to specified conditions.
Regulation 5 is amended to permit citizens of Bangladesh and entities incorporated in Bangladesh to purchase shares and convertible debentures of Indian companies under the FDI Scheme, subject to prior approval of the Foreign Investment Promotion Board and the terms and conditions specified in Schedule 1; Schedule 1 is substituted to state that persons referred to in clauses (i) and (ii) of sub regulation (1) of Regulation 5 may purchase such securities to the extent and on the terms set out in the Schedule.
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