Overseas direct investment: proprietorships and unregistered partnerships may form or acquire foreign JV/WOS with prior RBI approval. A proprietorship concern or an unregistered partnership firm in India that satisfies the Reserve Bank's prescribed criteria for Overseas Direct Investment may set up or acquire a joint venture or wholly owned subsidiary outside India only with the Reserve Bank's prior approval; Regulation 19A is substituted to reflect this rule and the existing Schedule II is deleted.
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: proprietorships and unregistered partnerships may form or acquire foreign JV/WOS with prior RBI approval.
A proprietorship concern or an unregistered partnership firm in India that satisfies the Reserve Bank's prescribed criteria for Overseas Direct Investment may set up or acquire a joint venture or wholly owned subsidiary outside India only with the Reserve Bank's prior approval; Regulation 19A is substituted to reflect this rule and the existing Schedule II is deleted.
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