Mode of payment for foreign non debt investments: inward remittance or repatriable account debit, proceeds remittable abroad. Amendments require consideration for foreign investments in equity, units, LLP capital and convertible notes to be paid by inward remittance through banking channels or from funds in repatriable foreign currency or Rupee accounts maintained under the Deposit Regulations, allow sale, maturity or disinvestment proceeds (net of taxes) to be remitted abroad or credited to such repatriable accounts, and clarify that 'banking channels' include rupee vostro accounts, including Special Rupee Vostro Accounts.
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.
Mode of payment for foreign non debt investments: inward remittance or repatriable account debit, proceeds remittable abroad.
Amendments require consideration for foreign investments in equity, units, LLP capital and convertible notes to be paid by inward remittance through banking channels or from funds in repatriable foreign currency or Rupee accounts maintained under the Deposit Regulations, allow sale, maturity or disinvestment proceeds (net of taxes) to be remitted abroad or credited to such repatriable accounts, and clarify that "banking channels" include rupee vostro accounts, including Special Rupee Vostro Accounts.
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