Direct investment by residents abroad: RBI rules set routes, 400% ceiling, funding, valuation, reporting and AD bank duties. Consolidated RBI Master Circular prescribes the regulatory regime for resident Indian direct investment in overseas JVs and WOS, establishing Automatic and Approval routes, a 400% net worth ceiling (with specified exceptions), permitted funding sources, valuation and documentation standards, sectoral conditions for financial and energy sectors, eligibility conditions for proprietorships/trusts/societies, and mandatory reporting via Form ODI with Unique Identification Numbers, along with operational duties of AD Category I banks including verification, retention of evidence, remittance certification, and rules on disinvestment, pledges, guarantees and hedging.
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 abroad: RBI rules set routes, 400% ceiling, funding, valuation, reporting and AD bank duties.
Consolidated RBI Master Circular prescribes the regulatory regime for resident Indian direct investment in overseas JVs and WOS, establishing Automatic and Approval routes, a 400% net worth ceiling (with specified exceptions), permitted funding sources, valuation and documentation standards, sectoral conditions for financial and energy sectors, eligibility conditions for proprietorships/trusts/societies, and mandatory reporting via Form ODI with Unique Identification Numbers, along with operational duties of AD Category I banks including verification, retention of evidence, remittance certification, and rules on disinvestment, pledges, guarantees and hedging.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
