The Government of India on August 22, 2022, published new Foreign Exchange Management (Overseas Investment) Rules, 2022, for overseas investments by entities in India. These rules are in supersession of the Foreign Exchange Management (Transfer or Issue of Any Foreign Security), 2004 and the Foreign Exchange Management (Acquisition and Transfer of Immovable Property Outside India) Regulations, 2015. The objective of the new set of rules is to add clarity and ease of transactions for resident Indian entities in matters of foreign investment and overseas ownership.
An overview of the revised Rules and Regulations is attached. Please click here for access to the document.
Alpha Partners Regulatory and legal Updates
