Overseas direct investment restrictions: resident individuals barred from investing in foreign real estate, banking and FATF non-cooperative jurisdictions. Regulation 20A restricts overseas direct investments by resident individuals in JVs/WOS abroad by prohibiting investments in real estate, banking and financial services, and in FATF non-cooperative jurisdictions; requiring investments to be in bonafide operating entities (no step-down subsidiaries); imposing LRS ceiling limits including EEFC/RFC balances; mandating valuation as prescribed; prohibiting additional financial commitments; requiring reporting of shareholding changes and Form ODI submissions to authorised dealers and the Reserve Bank; and prescribing disinvestment timing, repatriation and reporting rules.
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.
Provisions expressly mentioned in the judgment/order text.
Overseas direct investment restrictions: resident individuals barred from investing in foreign real estate, banking and FATF non-cooperative jurisdictions.
Regulation 20A restricts overseas direct investments by resident individuals in JVs/WOS abroad by prohibiting investments in real estate, banking and financial services, and in FATF non-cooperative jurisdictions; requiring investments to be in bonafide operating entities (no step-down subsidiaries); imposing LRS ceiling limits including EEFC/RFC balances; mandating valuation as prescribed; prohibiting additional financial commitments; requiring reporting of shareholding changes and Form ODI submissions to authorised dealers and the Reserve Bank; and prescribing disinvestment timing, repatriation and reporting rules.
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