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Global Trade Alert

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India: Purchase of shares on recognised stock exchanges by non-residents allowed

Description

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 st...

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Intervention Details

Intervention Type

FDI: Entry and ownership rule

MAST Chapter

FDI measures

Implementation date

06 Sep 2013

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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