ANNOUNCEMENT 06 Sep 2013

In September 2013, the government of India announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



RBI notification

http://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8386&Mode=0


Inception date: 06 Sep 2013 | Removal date: open ended

FDI: Entry and ownership rule

On 6 September 2013, the Reserve Bank of India amended the rules of its FDI scheme. The amendment permits non-residents of any nationality to acquire shares of listed Indian companies on recognised stock exchange under certain conditions.
 
Previously, only foreign institutional investors, "Qualified Foreign Investors" and non-resident Indians were eligible to acquire shares on the recognised stock exchanges.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A