Obligations of the Indian Party require timely receipt of investment documents, repatriation of foreign dues, and APR filing. Regulation 15 requires that an Indian Party acquiring a foreign security obtain evidence of the investment to the Reserve Bank's satisfaction within the Reserve Bank's prescribed or extended period; repatriate all receipts from the foreign entity to India within the period permitted by the Reserve Bank; and submit an annual performance report in the prescribed APR format for each joint venture or wholly owned subsidiary outside India within the timeline linked to the host country's audited accounts or within any extended period allowed by the Reserve Bank.
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.
Obligations of the Indian Party require timely receipt of investment documents, repatriation of foreign dues, and APR filing.
Regulation 15 requires that an Indian Party acquiring a foreign security obtain evidence of the investment to the Reserve Bank's satisfaction within the Reserve Bank's prescribed or extended period; repatriate all receipts from the foreign entity to India within the period permitted by the Reserve Bank; and submit an annual performance report in the prescribed APR format for each joint venture or wholly owned subsidiary outside India within the timeline linked to the host country's audited accounts or within any extended period allowed by the Reserve Bank.
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