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of <h1>Proprietorship firms could invest overseas under Schedule II Regulation 19A until 2014 omission</h1> The Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004 contained Schedule II under Regulation 19A governing overseas investments by proprietorship concerns. This schedule established criteria for investment proposals outside India by proprietorship or unregistered partnership exporter firms, including requirements for Star Export House recognition, bank compliance verification, proven track record with export outstanding not exceeding 10% of three-year average export realization, clean regulatory record, and investment limits not exceeding 10% of three-year average export realization or 200% of net owned funds, whichever is lower. The entire schedule was subsequently omitted in 2014.
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