GIST OF FOREIGN EXCHANGE MANAGEMENT (OVERSEAS INVESTMENT) REGULATIONS, 2022
GIST OF FOREIGN EXCHANGE MANAGEMENT (OVERSEAS INVESTMENT) REGULATIONS, 2022 Important Definition · “Control” means the right to appoint majority of the directors or to control management or policy decisions exercisable by a person or persons acting individually or in concert, directly or indirectly, including by virtue of their shareholding or management rights or shareholders’ agreements or voting agreements that entitle them to ten per cent. or more of voting rights or in any other manner in the entity. · “ Equity Capital ” means equity shares or perpetual capital or instruments that are irredeemable or contribution to non-debt capital of a foreign entity in the nature of fully and compulsorily convertible instruments. · “ Foreign Entity ” means an entity formed or registered or incorporated outside India, includi...