Post investment changes in JV/WOS require prompt reporting to the Reserve Bank and inclusion in the annual performance report. Post investment restructurings by an overseas joint venture or wholly owned subsidiary established by an Indian party-including diversification, setting up step down subsidiaries and altering shareholding-are permitted, provided the Indian party reports details of the competent authority approved decisions to the Reserve Bank within thirty days and includes them in the Annual Performance Report required to be submitted annually under Regulation 15.
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.
Post investment changes in JV/WOS require prompt reporting to the Reserve Bank and inclusion in the annual performance report.
Post investment restructurings by an overseas joint venture or wholly owned subsidiary established by an Indian party-including diversification, setting up step down subsidiaries and altering shareholding-are permitted, provided the Indian party reports details of the competent authority approved decisions to the Reserve Bank within thirty days and includes them in the Annual Performance Report required to be submitted annually under Regulation 15.
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