https://www.taxtmi.com/news?id=22777 The Central Government amended the FEMA (Non debt Instruments) Rules to mandate prior government approval for any FDI where the investing entity or beneficial owner is situated in, or is a citizen of, a country sharing a land border with India, applying to both direct and indirect investments; the change channels such investments to the government approval route to prevent opportunistic takeovers during the COVID 19 pandemic while existing sectoral approval and prohibited sector rules remain operative. en-us Thu, 23 Apr 2020 16:47:42 +0530 Thu, 23 Apr 2020 16:47:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22777 The Central Government amended the FEMA (Non debt Instruments) Rules to mandate prior government approval for any FDI where the investing entity or beneficial owner is situated in, or is a citizen of, a country sharing a land border with India, applying to both direct and indirect investments; the change channels such investments to the government approval route to prevent opportunistic takeovers during the COVID 19 pandemic while existing sectoral approval and prohibited sector rules remain operative. News - Thu, 23 Apr 2020 16:47:42 +0530 https://www.taxtmi.com/news?id=22777