Overseas direct investment: Indian parties subject to net worth based financial commitment limits and strict compliance conditions. An Indian party may make direct investment in an overseas JV or WOS subject to conditions including an overall financial commitment ceiling measured against net worth with specified exposures (remittances, capitalization of export proceeds, guarantees, performance and bank guarantees, ECBs, ADR/GDR swaps) reckoned within the limit; investments must be bonafide, the party must not be on regulatory caution lists, transactions routed via a designated authorised dealer branch, required Parts of the Form ODI and annual performance reports filed, valuation requirements observed, and prohibitions apply for entities in FATF non cooperative jurisdictions.
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: Indian parties subject to net worth based financial commitment limits and strict compliance conditions.
An Indian party may make direct investment in an overseas JV or WOS subject to conditions including an overall financial commitment ceiling measured against net worth with specified exposures (remittances, capitalization of export proceeds, guarantees, performance and bank guarantees, ECBs, ADR/GDR swaps) reckoned within the limit; investments must be bonafide, the party must not be on regulatory caution lists, transactions routed via a designated authorised dealer branch, required Parts of the Form ODI and annual performance reports filed, valuation requirements observed, and prohibitions apply for entities in FATF non cooperative jurisdictions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
