Under the pre-amended/old regulations, overseas investment, in respect of investment in foreign securities, is governed by Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004 and, overseas investment, in respect of investment in immovable property, is governed the Foreign Exchange management (Acquisition and Transfer of Immovable Property Outside India) Regulations, 2015.
Government of India, in order to improve its standards in ease of doing business by way of relaxations, simplifications or exemptions, is making many changes to various laws and regulations which inter alia includes changes to taxation laws, Foreign Exchange Management Regulations, Corporate and other laws etc.
Read more: A Discussion on New Overseas Investment Regulations