Overseas investment liberalisation expands guarantee permissions and eases disinvestment and proprietary investor rules under FEMA. The circular liberalises overseas investment rules: guarantees under the Automatic Route may include corporate or personal guarantees by promoter, group or associate companies provided all commitments remain within the overall overseas investment ceiling, guarantees are not open ended and all guarantees are reported to RBI in Form ODR. Disinvestments in specified categories may proceed without prior RBI approval subject to 30 day reporting via the Authorised Dealer. Recognised proprietorship and unregistered partnership exporters may seek prior RBI approval to establish JVs/WOSs abroad under prescribed eligibility criteria.
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Overseas investment liberalisation expands guarantee permissions and eases disinvestment and proprietary investor rules under FEMA.
The circular liberalises overseas investment rules: guarantees under the Automatic Route may include corporate or personal guarantees by promoter, group or associate companies provided all commitments remain within the overall overseas investment ceiling, guarantees are not open ended and all guarantees are reported to RBI in Form ODR. Disinvestments in specified categories may proceed without prior RBI approval subject to 30 day reporting via the Authorised Dealer. Recognised proprietorship and unregistered partnership exporters may seek prior RBI approval to establish JVs/WOSs abroad under prescribed eligibility criteria.
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