Overseas investment liberalisation expands automatic-route foreign JV/WOS limits; banks to permit remittances; government securities move to T+1. Eligible Indian entities may invest abroad in joint ventures and wholly owned subsidiaries under the automatic route up to an enhanced ceiling measured against the investing company's net worth, excluding investments from EEFC balances and ADR/GDR proceeds; authorised dealer banks shall permit remittances up to the ceiling based on the last audited balance sheet and process form ODA proposals. Separately, outright secondary market Government securities transactions are standardised to T+1 settlement, while repo first-leg settlement may be T+0 or T+1.
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Overseas investment liberalisation expands automatic-route foreign JV/WOS limits; banks to permit remittances; government securities move to T+1.
Eligible Indian entities may invest abroad in joint ventures and wholly owned subsidiaries under the automatic route up to an enhanced ceiling measured against the investing company's net worth, excluding investments from EEFC balances and ADR/GDR proceeds; authorised dealer banks shall permit remittances up to the ceiling based on the last audited balance sheet and process form ODA proposals. Separately, outright secondary market Government securities transactions are standardised to T+1 settlement, while repo first-leg settlement may be T+0 or T+1.
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