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of <h1>Indian companies must obtain unique identification numbers from Reserve Bank for overseas joint ventures under Regulation 10</h1> Regulation 10 of the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004 requires the Reserve Bank to assign a unique identification number to each joint venture or wholly owned subsidiary established outside India. The Indian party must reference this identification number in all communications and reports submitted to the Reserve Bank and authorized dealers. This provision establishes a tracking mechanism for foreign investments and ensures proper identification of overseas business entities for regulatory compliance and monitoring purposes.
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