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Review of Foreign Direct Investment (FDI) policy for curbing opportunistic takeovers /acquisitions of Indian companies due to the current COVID-19 pandemic - FEMA - Press Note No. 3 (2020 Series)

Extract

..... Government of India Ministry of Commerce & Industry Department for Promotion of Industry and Internal Trade FDI Policy Section Press Note No. 3(2020 Series) Subject: Review of Foreign Direct Investment (FDI) policy for curbing opportunistic takeovers /acquisitions of Indian companies due to the current COVID-19 pandemic The Government of India has reviewed the extant FDI policy for curbing opportunistic takeovers/acquisitions of Indian companies due to the current COVID-19 pandemic and amend .....

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Review of Foreign Direct Investment (FDI) policy for curbing opportunistic takeovers /acquisitions of Indian companies due to the current COVID-19 pandemic - FEMA

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..... a citizen of Pakistan or an entity incorporated in Pakistan can invest, only under the Government route, in sectors/activities other than defence, space, atomic energy and sectors/activities prohibited for foreign investment. 3.1.1(b) In the event of the transfer of ownership of any existing or future FDI in an entity in India, directly or indirectly, resulting in the beneficial ownership falling within the restriction/purview of the para 3.1.1(a), such subsequent change in beneficial ownership .....

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Review of Foreign Direct Investment (FDI) policy for curbing opportunistic takeovers /acquisitions of Indian companies due to the current COVID-19 pandemic - FEMA

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