The Ministry of Finance has notified Foreign Exchange Management (Overseas Investment) Rules, 2022 ("Rules") with a view to ease the restrictions on outbound investments in India.
source https://www.caclubindia.com/articles/fema-overseas-direct-investment-rules-2022-step-towards-progressive-india-47653.asp
source https://www.caclubindia.com/articles/fema-overseas-direct-investment-rules-2022-step-towards-progressive-india-47653.asp
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