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of <h1>Guidelines for Indian Residents on Overseas Investment in JVs/WOS: Eligibility, Procedures, and Compliance Under FEMA</h1> The document provides guidelines for Indian residents on direct investment in Joint Ventures (JV) or Wholly Owned Subsidiaries (WOS) abroad, as regulated by the Reserve Bank of India (RBI) under the Foreign Exchange Management Act (FEMA). It outlines the eligibility criteria, permissible activities, and procedural requirements for making such investments, including the Automatic and Normal Routes. It specifies prohibited sectors, valuation norms, and funding sources. The document also details obligations for Indian parties, such as reporting and compliance requirements, and addresses disinvestment procedures and penalties for non-compliance. Additionally, it covers specific provisions for partnership firms and resident individuals.
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