Foreign Direct Investment – Person of Indian Origin

Foreign Direct Investment - Person of Indian Origin

THE LAW OF FOREIGN DIRECT INVESTMENT

TOPIC- PERSON OF INDIAN ORIGIN (PIO) (Important terms in FDI)

 

In the law of FDI a ‘Person of Indian Origin’ (PIO) means a citizen of any country other than Bangladesh or Pakistan, if-

(i) He at any time held Indian Passport

(ii)He or either of his parents or any of his grandparents was  citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955 (57 of 1955) or,

(iii)The person is a spouse of Indian citizen or a person referred to in sub-clause (i) or (ii).

Foreign Direct Investment – Person of Indian Origin

 

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