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of <h1>RBI Amends Foreign Exchange Regulations: Increases Financial Commitment Limit to 400% Net Worth, Removes 10% Shareholding Requirement</h1> The Reserve Bank of India issued amendments to the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004, effective from September 26, 2007. Key changes include increasing the financial commitment limit for Indian parties in joint ventures or wholly-owned subsidiaries to 400% of their net worth, as per the latest audited balance sheet. Additionally, the requirement for holding a minimum 10% share in any listed Indian company has been removed. The net worth limit for certain investments has been raised from 35% to 50%. These amendments aim to enhance investment flexibility without adverse effects from their retrospective application.
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