https://www.taxtmi.com/news?id=25230 Foreign investment from entities of countries sharing a land border with India, or where the beneficial owner is situated in or is a citizen of such countries, is allowed only via the Government route; transfers that result in beneficial ownership falling within this restriction likewise require prior Government approval. The investee company is primarily responsible for FDI policy compliance, and violations are treated as capital account contraventions under FEMA subject to penal provisions and regulatory enforcement. Related sovereign security measures under the Information Technology Act are noted. en-us Wed, 23 Mar 2022 18:24:15 +0530 Wed, 23 Mar 2022 18:24:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25230 Foreign investment from entities of countries sharing a land border with India, or where the beneficial owner is situated in or is a citizen of such countries, is allowed only via the Government route; transfers that result in beneficial ownership falling within this restriction likewise require prior Government approval. The investee company is primarily responsible for FDI policy compliance, and violations are treated as capital account contraventions under FEMA subject to penal provisions and regulatory enforcement. Related sovereign security measures under the Information Technology Act are noted. News - Wed, 23 Mar 2022 18:24:15 +0530 https://www.taxtmi.com/news?id=25230