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ARTICLE · 04 APRIL 2023

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New Overseas Direct Investment Guidelines – India

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Overseas investment by resident Indians has been regulated by the Government of India in conjunction with the country's central bank, the Reserve Bank of India.

IndiaFinance and Banking
Peter Doraisamy
Peter Doraisamy
Lakshman Shankar
Lakshman Shankar

Introduction:

Overseas investment by resident Indians has been regulated by the Government of India in conjunction with the country's central bank, the Reserve Bank of India.

The relevant regulations have recently been overhauled.

On 22 August 2022, the Ministry of Finance, Government of India, and the Reserve Bank of India issued a new set of guidelines regulating Overseas Direct Investment by resident Indian persons.

These consist of:

  • The Foreign Exchange Management (Overseas Investment) Rules, 2022 ("ODI Rules"), issued by the Ministry of Finance;
  • The Foreign Exchange Management (Overseas Investment) Regulations, 2022 ("ODI Regulations"), issued by the Reserve Bank of India; and

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