BACKGROUND Foreign Investment in India is regulated in terms of clause (b) sub-section 3 of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (FEMA) read with Foreign Exchange Management (Transfer or Issue of a Security by a Person resident Outside India) Regulations, 2017 issued vide Notification No. FEMA 20(R)/2017-RB dated November … Continue reading NEIGHBOURING COUNTRIES ARE NO LONGER COVERED UNDER THE AUTOMATIC ROUTE – FOREIGN DIRECT INVESTMENT POLICY STANDS AMENDED