Mode of payment for overseas investment clarified: permissible channels include banking remittances, account funds, swaps, ADR/GDR proceeds and ECBs. Regulation 8 prescribes permissible modes of payment for residents making Overseas Investment: remittance through banking channels; funds held in accounts ... Summary
Mode of payment for overseas investment clarified: permissible channels include banking remittances, account funds, swaps, ADR/GDR proceeds and ECBs.
Regulation 8 prescribes permissible modes of payment for residents making Overseas Investment: remittance through banking channels; funds held in accounts maintained under the Act; swap of securities; proceeds of American Depository Receipts or Global Depositary Receipts including stock-swaps; and proceeds of external commercial borrowings raised in accordance with the Act and applicable rules for making ODI or meeting a financial commitment by way of debt by an Indian entity.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.