Tag Archives: fera

Foreign Exchange Management Regulations, 2017 issued: RBI

The Reserve Bank of India (RBI) has issued the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017 (2017 Regulations). The 2017 Regulations consolidate the regulations, compliances and restrictions applicable to foreign investment … Continue reading

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NRIs investments in Indian companies may be made at face value subject to their eligibility to invest under the FDI scheme

In terms of sub-regulation (1) of Regulation 5 of Notification No. FEMA 20/ 2000 – RB dated May 3, 2000, a person resident outside India or an entity incorporated outside India may purchase shares or convertible debentures of an Indian … Continue reading

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Section 3(1) COFEPOSA is constitutional: SC

The Supreme Court of India upholds the constitutional validity of Section 3(1) of Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 (COFEPOSA) to the extent it empowers the competent authority to make an order of detention against … Continue reading

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