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FEMA - Highlights / Catch Notes

Home Highlights July 2013 Year 2013 This

FDI - foreign investment - Lifting of Corporate Veil - in a ...


Authorities Can Lift Corporate Veil to Enforce FERA Section 29(1)(a) in FDI and Foreign Exchange Cases.

July 20, 2013

Case Laws     FEMA     SC

FDI - foreign investment - Lifting of Corporate Veil - in a given situation the authorities functioning under FERA find that there are attempts to over-reach the provision of Section 29(1)(a), the authority can always lift the veil - SC

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