Financial commitment limits for overseas direct investments restored; substantial annual commitments now require prior central bank approval. Restoration of the pre-August 14, 2013 limit governs Financial Commitment (FC) by an Indian party for Overseas Direct Investments (ODI) under the automatic route, preserving the ceiling linked to 400% of the Indian party's net worth; however, any substantial annual financial commitment above the monetary threshold specified in the Circular requires prior Reserve Bank approval even if the aggregate FC is within the automatic-route limit.
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Provisions expressly mentioned in the judgment/order text.
Financial commitment limits for overseas direct investments restored; substantial annual commitments now require prior central bank approval.
Restoration of the pre-August 14, 2013 limit governs Financial Commitment (FC) by an Indian party for Overseas Direct Investments (ODI) under the automatic route, preserving the ceiling linked to 400% of the Indian party's net worth; however, any substantial annual financial commitment above the monetary threshold specified in the Circular requires prior Reserve Bank approval even if the aggregate FC is within the automatic-route limit.
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