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
Overseas direct investment by proprietorships requires prior Reserve Bank approval under amended FEMA regulations for JV or WOS formation. A proprietorship concern or an unregistered partnership firm in India may set up or acquire a Joint Venture (JV) or Wholly Owned Subsidiary (WOS) outside ... Summary
Overseas direct investment by proprietorships requires prior Reserve Bank approval under amended FEMA regulations for JV or WOS formation.
A proprietorship concern or an unregistered partnership firm in India may set up or acquire a Joint Venture (JV) or Wholly Owned Subsidiary (WOS) outside India only with the prior approval of the Reserve Bank, provided they satisfy the eligibility criteria for Overseas Direct Investment as prescribed by the Reserve Bank. The amendment replaces an earlier version that conditioned permission on recognition as a Star Export House and compliance with Schedule II criteria.
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