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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Consolidated Guidelines for Overseas Investments by Residents under FEMA 1999: Effective July 1, 2009, for One Year.</h1> The Master Circular consolidates guidelines for direct investments by residents in Joint Ventures (JV) and Wholly Owned Subsidiaries (WOS) abroad under the Foreign Exchange Management Act, 1999, and related regulations. It serves as a comprehensive document for authorized banks dealing in foreign exchange, outlining the procedures and regulations for such investments. The circular, effective from July 1, 2009, will be valid for one year, after which it will be replaced by an updated version. The circular includes references to previous notifications and circulars for detailed guidance.
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