https://www.taxtmi.com/acts?id=37901 Rule 3 prohibits persons resident outside India from making investments in India except as otherwise provided; investments held on the rules' commencement are deemed made under these rules and governed accordingly. The Reserve Bank may, on application and for sufficient reasons, permit such persons to invest in India and may impose necessary conditions. en-us Sat, 19 Oct 2019 16:06:38 +0530 Fri, 30 May 2025 10:49:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37901 Rule 3 prohibits persons resident outside India from making investments in India except as otherwise provided; investments held on the rules' commencement are deemed made under these rules and governed accordingly. The Reserve Bank may, on application and for sufficient reasons, permit such persons to invest in India and may impose necessary conditions. Act-Rules FEMA Sat, 19 Oct 2019 16:06:38 +0530 https://www.taxtmi.com/acts?id=37901