https://www.taxtmi.com/acts?id=40939 Rule 19 prohibits overseas direct investment in foreign entities undertaking specified real estate activity, gambling, or Indian-rupee-linked financial product dealings without specific approval. Investment in recognised foreign start-ups is restricted to internal accruals for Indian entities and own funds for resident individuals. Financial commitment is also barred where a foreign entity invests into India and creates more than two subsidiary layers, subject to exclusions for specified banking, systemically important non-banking financial, insurance, and Government companies. en-us Tue, 23 Aug 2022 15:18:30 +0530 Mon, 31 Aug 2026 15:49:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40939 Rule 19 prohibits overseas direct investment in foreign entities undertaking specified real estate activity, gambling, or Indian-rupee-linked financial product dealings without specific approval. Investment in recognised foreign start-ups is restricted to internal accruals for Indian entities and own funds for resident individuals. Financial commitment is also barred where a foreign entity invests into India and creates more than two subsidiary layers, subject to exclusions for specified banking, systemically important non-banking financial, insurance, and Government companies. Act-Rules FEMA Tue, 23 Aug 2022 15:18:30 +0530 https://www.taxtmi.com/acts?id=40939