India overseas investment rules worry counsel

Author: Rachel Evans | Published: 22 Jan 2010

India’s regulations of overseas investment are the rules that lawyers would most like changed or abolished, according to panellists at IFLR’s India Outbound Investment Forum on January 20.

The Reserve Bank of India’s (RBI) regulations, set out in Fema 120, restrict overseas investment by Indian companies to 400% of their net worth,...
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