Challenges in Respect of Fema Overseas Investment Regime

Overseas investment by persons resident in India is an important avenue for promoting global business by Indian entrepreneurs and entities and is professed as a medium of economic and business collaboration between India and other countries. The overseas investment was hitherto governed by Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2004, Foreign Exchange Management (Acquisition and Transfer of Immovable Property Outside India) Regulations, 2015 read with Master Direction on Direct Investment by Residents in Joint Venture (JV)/ Wholly Owned Subsidiary (WOS) Abroad.