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of <h1>RBI Amends Foreign Exchange Regulations: New Investment Limits for Indian Firms in JVs, Subsidiaries, and Professional Services Abroad</h1> The Reserve Bank of India issued an amendment to the Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2000, effective immediately. Key changes include adjustments to financial commitments for Indian parties in joint ventures or wholly-owned subsidiaries, with specific limits for investments in certain countries. The amendment allows Indian parties to acquire shares of foreign companies using ADRs/GDRs under specified conditions. A new regulation permits block allocation of foreign exchange and outlines investment provisions for Indian firms and partnerships. It also specifies professional services eligible for investment abroad without prior RBI approval, including accountancy, legal, IT, and healthcare services.
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