Overseas direct investment rules tightened for proprietorships and unregistered firms; approval conditioned on export status and compliance. Revises approval-route eligibility for Overseas Direct Investment (ODI) by proprietorship concerns and unregistered partnership firms: applicant must be a Status Holder under the Foreign Trade Policy, show a proven export track record with limited export outstanding and consistently high performance, be KYC-compliant with verifiable business and turnover, not be under adverse notice or listed as a defaulter, and proposed investment abroad must not exceed prescribed ceilings based on recent average export realisation or net owned funds.
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Provisions expressly mentioned in the judgment/order text.
Overseas direct investment rules tightened for proprietorships and unregistered firms; approval conditioned on export status and compliance.
Revises approval-route eligibility for Overseas Direct Investment (ODI) by proprietorship concerns and unregistered partnership firms: applicant must be a Status Holder under the Foreign Trade Policy, show a proven export track record with limited export outstanding and consistently high performance, be KYC-compliant with verifiable business and turnover, not be under adverse notice or listed as a defaulter, and proposed investment abroad must not exceed prescribed ceilings based on recent average export realisation or net owned funds.
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