Overseas Corporate Body definition limits eligibility to continue transactions under prior general permission granted previously. These Regulations define key terms for withdrawal of general permission to overseas entities: Overseas Corporate Body (OCB) means an entity that existed and immediately prior to commencement was eligible to transact under prior general permission; 'Account' covers specified savings and deposit account types under NRE, FCNR B and NRO schemes; 'Deposit' broadly includes money placed with banks, companies, firms, trusts or other persons; 'Existing account' denotes accounts maintained at commencement and 'Existing investment' denotes investments made under earlier general permission, with specific holding date tests for portfolio investments and other cases.
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 Corporate Body definition limits eligibility to continue transactions under prior general permission granted previously.
These Regulations define key terms for withdrawal of general permission to overseas entities: Overseas Corporate Body (OCB) means an entity that existed and immediately prior to commencement was eligible to transact under prior general permission; "Account" covers specified savings and deposit account types under NRE, FCNR B and NRO schemes; "Deposit" broadly includes money placed with banks, companies, firms, trusts or other persons; "Existing account" denotes accounts maintained at commencement and "Existing investment" denotes investments made under earlier general permission, with specific holding date tests for portfolio investments and other cases.
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