Direct investment abroad: consolidation permits resident investment in JV/WOS overseas, subject to applicable notifications and a sunset clause. Direct investment by residents in a joint venture (JV) or wholly owned subsidiary (WOS) abroad is authorised under the foreign exchange regulatory framework and applicable notifications; this circular consolidates existing instructions and source circulars concerning such direct investments and is issued with a limited-duration sunset clause after which it will be withdrawn and replaced by an updated master circular, with authorised dealers and persons dealing in foreign exchange expected to follow the consolidated instructions.
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 abroad: consolidation permits resident investment in JV/WOS overseas, subject to applicable notifications and a sunset clause.
Direct investment by residents in a joint venture (JV) or wholly owned subsidiary (WOS) abroad is authorised under the foreign exchange regulatory framework and applicable notifications; this circular consolidates existing instructions and source circulars concerning such direct investments and is issued with a limited-duration sunset clause after which it will be withdrawn and replaced by an updated master circular, with authorised dealers and persons dealing in foreign exchange expected to follow the consolidated instructions.
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