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Overseas direct investment rules: profitability and regulator approvals required for financial services ODI; financial commitment capped relative to net worth. Overseas direct investment is allowed by various means including subscription, purchase, acquisition, capitalisation of permitted dues, securities swap, and corporate reorganisations for bonafide business activity. Indian entities investing in foreign financial services entities must meet profitability, registration/regulation and regulator approval requirements; COVID 19 affected years may be excluded when assessing profitability. Aggregate financial commitment is limited to 400 percent of net worth, excluding capitalised retained earnings but including specified depository receipt and external borrowing utilisations, with exemptions for certain public sector undertakings in strategic sectors.
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Provisions expressly mentioned in the judgment/order text.
<h1>Overseas direct investment rules: profitability and regulator approvals required for financial services ODI; financial commitment capped relative to net worth.</h1> Overseas direct investment is allowed by various means including subscription, purchase, acquisition, capitalisation of permitted dues, securities swap, and corporate reorganisations for bonafide business activity. Indian entities investing in foreign financial services entities must meet profitability, registration/regulation and regulator approval requirements; COVID 19 affected years may be excluded when assessing profitability. Aggregate financial commitment is limited to 400 percent of net worth, excluding capitalised retained earnings but including specified depository receipt and external borrowing utilisations, with exemptions for certain public sector undertakings in strategic sectors.
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