Direct investment by residents: consolidated RBI guidance for outbound JV and WOS transactions under FEMA with temporary validity. The Master Circular consolidates instructions permitting resident direct investments in Joint Ventures and Wholly Owned Subsidiaries abroad under the Foreign Exchange Management Act and related Notifications, directs authorised banks to apply the unified guidance, references an appendix of underlying circulars, and is issued with a sunset clause requiring replacement by an updated Master Circular after one year.
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 by residents: consolidated RBI guidance for outbound JV and WOS transactions under FEMA with temporary validity.
The Master Circular consolidates instructions permitting resident direct investments in Joint Ventures and Wholly Owned Subsidiaries abroad under the Foreign Exchange Management Act and related Notifications, directs authorised banks to apply the unified guidance, references an appendix of underlying circulars, and is issued with a sunset clause requiring replacement by an updated Master Circular after one year.
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