Investments by Person Resident outside India
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....ruments of an Indian company in the manner and subject to the terms and conditions specified in Schedule I: 1[Provided that an entity of a country, which shares land border with India or the beneficial owner of an investment into India who is situated in or is a -citizen of any such country, shall invest only with the Government approval: Provided further that, a citizen of Pakistan or an enti....
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....e or transfer of "participating interest or right" in oil fields by Indian companies to a person resident outside India would be treated as foreign investment and shall comply with the conditions laid down in Schedule I. (b) A person resident outside India, other than a citizen of Bangladesh or Pakistan or an entity incorporated in Bangladesh or Pakistan, may invest either by way of capital cont....
TaxTMI
TaxTMI