Overseas Investment Rules & Regulations Notified
- 9 Jan 2024 , 8:36 PM
- Delhi
- 207
Significantly enhancing the 'Ease of Doing Business,' Department of Economic Affairs (DEA),and Ministry of finance notifies Overseas Investment Rules & Regulations in alignment with the current business & economic dynamics.
The Government of India in consultation with the Reserve Bank undertook a comprehensive exercise to simplify Overseas Investment Rules & Overseas Investment Regulations.
Draft Foreign Exchange Management (Overseas
Investment) Rules and draft Foreign Exchange
Management (Overseas Investment) Regulations also put in the public domain for consultations and finally notified on 22.8.2022
Revised regulatory framework for overseas investment provides for simplification of the existing framework for overseas investment and has been aligned with the current business and economic dynamics.
Clarity on Overseas Direct Investment and Overseas Portfolio Investment brought in and various overseas investment related transactions that were earlier under approval route are now under automatic route.
Will significantly enhancing "Ease of Doing Business".