The DPIIT has amended the FDI norms due to COVID-19 pandemic to protect any opportunistic takeover by from China. In this regard, it has been specified that an entity of a country, which shares land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country, can invest only under the Government route.
from taxmann.com News https://ift.tt/2KenhMn
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