Removal of monetary ceiling for overseas investment permits companies and partnerships to invest up to net worth, with ODR reporting. Removal of monetary ceiling permits resident companies and registered partnership firms to invest up to 100 percent of their net worth in overseas JVs/WOS without a separate monetary cap, subject to reporting in Form ODR; agricultural activities including purchase of land abroad are allowed directly or through overseas offices within the same net worth-based limit, with regulatory amendments to follow.
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.
Removal of monetary ceiling for overseas investment permits companies and partnerships to invest up to net worth, with ODR reporting.
Removal of monetary ceiling permits resident companies and registered partnership firms to invest up to 100 percent of their net worth in overseas JVs/WOS without a separate monetary cap, subject to reporting in Form ODR; agricultural activities including purchase of land abroad are allowed directly or through overseas offices within the same net worth-based limit, with regulatory amendments to follow.
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