FOREIGN EXCHANGE MANAGEMENT (TRANSFER OR ISSUE OF ANY FOREIGN SECURITY) (AMENDMENT) REGULATIONS, 2004 - Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004
FOREIGN EXCHANGE MANAGEMENT (TRANSFER OR ISSUE OF ANY FOREIGN SECURITY) (AMENDMENT) REGULATIONS, 2004 - Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004
Write-off of capital and receivables allowed for overseas JV/WOS with documentation and Reserve Bank reporting required. Regulation 16A permits limited write-off of capital and other receivables by Indian parties controlling overseas JVs or WOS, subject to submission to the ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Write-off of capital and receivables allowed for overseas JV/WOS with documentation and Reserve Bank reporting required.
Regulation 16A permits limited write-off of capital and other receivables by Indian parties controlling overseas JVs or WOS, subject to submission to the designated AD Category I bank of a certified balance sheet showing JV/WOS loss and five year projections of benefits; the write off must be reported to the Reserve Bank through the designated AD Category I bank within thirty days; unlisted parties may seek similar relief under the Approval Route.
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