Following Press Note 3 of 2020, the MoF has notified amendments to Rule 6 (a) of the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (Investment by person resident outside India) by substituting the provisos thereto as follows :
“Provided that an entity of a country, which shares land border with India or the beneficial owner of an investment into India who is situated in or is a citizen of any such country, shall invest only with the Government approval:
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