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Now neighbour countries can invest in non-debt instrument of Indian Cos. via Govt. approval route only

May 7, 2020
126 Views
The Ministry of Finance has amended the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 whereby proviso in rule 6 has substituted which states 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.
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