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In recent years, India's restaurant industry has emerged as a vibrant hub for foreign investments, reflecting the nation's evolving culinary landscape and growing consumer demand. As innovative busine...
Published On: 01/05/2016
Authors:
The Reserve Bank of India (the “RBIâ€) notified an amendment to the FEMA 2000 on April 28 2016 by issuing the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Third Amendment) Regulations, 2016 (the “Amendment Regulationsâ€). The Amendment Regulations reflect new proposals laid out in the Start-Up India: Action Plan launched by the Government under a notification issued by the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Government of India (the “DIPPâ€) on February 16, 2016 (the “DIPP Notificationâ€).
