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New norms to ease restrictions on FDI by JVs of Indian companies
The existing legal framework under FEMA does not permit FDI by an overseas JV or WOS of an Indian party without the prior approval of RBI.The changes have become important in the backdrop on slowing of the Indian economy and resultant lack of investment by th…
:NEW DELHI :
In a bid to ease the flow of foreign funds into legitimate business activities, the government may soon ease restrictions on foreign direct investment (FDI) by joint ventures (JVs) or wholly-owned subsidiaries (WOS) of an Indian company without c
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