Overseas direct investment rules for resident individuals set eligibility, sectoral prohibitions, valuation and reporting obligations. Resident individuals may make overseas direct investment in equity and compulsorily convertible preference shares of a JV or WOS abroad subject to Schedule V. Schedule V prohibits investment in real estate, banking, and financial services activities, bars investment in FATF non-cooperative jurisdictions, requires the JV/WOS to be an operating entity with no step-down subsidiaries, restricts investments to the ceiling under the Liberalised Remittance Scheme (including EEFC/RFC balances), mandates valuation as per the Principal Regulations, and prohibits additional financial commitments beyond permitted overseas direct investment.
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.
Overseas direct investment rules for resident individuals set eligibility, sectoral prohibitions, valuation and reporting obligations.
Resident individuals may make overseas direct investment in equity and compulsorily convertible preference shares of a JV or WOS abroad subject to Schedule V. Schedule V prohibits investment in real estate, banking, and financial services activities, bars investment in FATF non-cooperative jurisdictions, requires the JV/WOS to be an operating entity with no step-down subsidiaries, restricts investments to the ceiling under the Liberalised Remittance Scheme (including EEFC/RFC balances), mandates valuation as per the Principal Regulations, and prohibits additional financial commitments beyond permitted overseas direct investment.
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