The panel, chaired by N K Sodhi, the former chief justice of the high courts of Karnataka and Kerala, makes its recommendations to Sebi on such applications after which the regulator allows concerned parties before passing an order.
As per the World Investment Report 2021 by the UN Conference on Trade and Development, India was the fifth-largest recipient of FDI inflows in the world in 2020.
The Union government has issued a gazette notification to set up the Karnataka Coastal Zone Management Authority. Under provisions of the Environment Act, 1986.