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of <h1>RBI Issues Guidelines for Indian Companies on Foreign Security Transfers in JVs or Subsidiaries Abroad.</h1> The Reserve Bank of India (RBI) issued guidelines for the transfer of foreign securities by Indian companies involving joint ventures (JV) or wholly owned subsidiaries (WOS) outside India. Indian entities can sell shares without RBI approval if certain conditions are met, such as no investment write-off, sales through a stock exchange, and compliance with financial and regulatory requirements. Disinvestment involving write-offs is permitted under specific circumstances, like listed status or net worth criteria. Companies must report disinvestments to their authorized banks within 30 days. Amendments to the relevant regulations are forthcoming, and banks should inform their clients of these changes.
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