Direct investment rules: procedures and compliance for Indian investment in overseas joint ventures and wholly owned subsidiaries. Indian parties may invest directly in overseas joint ventures or wholly owned subsidiaries under the 2000 Regulations subject to compliance with procedural filings (form ODA, form A-2, form ODR), routing transactions through one designated authorised dealer branch, allotment and use of a Reserve Bank unique identification number, limits on capitalisation of dues combined with market purchases to 25% of net worth, and reporting and approval requirements for certain investments; authorised dealers must obtain prescribed documents and report remittances promptly.
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.
Direct investment rules: procedures and compliance for Indian investment in overseas joint ventures and wholly owned subsidiaries.
Indian parties may invest directly in overseas joint ventures or wholly owned subsidiaries under the 2000 Regulations subject to compliance with procedural filings (form ODA, form A-2, form ODR), routing transactions through one designated authorised dealer branch, allotment and use of a Reserve Bank unique identification number, limits on capitalisation of dues combined with market purchases to 25% of net worth, and reporting and approval requirements for certain investments; authorised dealers must obtain prescribed documents and report remittances promptly.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
