https://www.taxtmi.com/acts?id=2095 Reserve Bank approval is required for Indian parties not meeting eligibility norms under Regulations 6-8 for direct investment abroad; applications must be made in Part I of Form ODI and include share valuations-by a Category I Merchant Banker or host-country investment/merchant banker when above a monetary threshold or when consideration involves issue of the Indian party's shares, and otherwise by a Chartered Accountant or Certified Public Accountant. The Reserve Bank may consider viability, contribution to external trade, financial position and track record, and relevant expertise when deciding applications. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 20 Jun 2025 18:02:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2095 Reserve Bank approval is required for Indian parties not meeting eligibility norms under Regulations 6-8 for direct investment abroad; applications must be made in Part I of Form ODI and include share valuations-by a Category I Merchant Banker or host-country investment/merchant banker when above a monetary threshold or when consideration involves issue of the Indian party's shares, and otherwise by a Chartered Accountant or Certified Public Accountant. The Reserve Bank may consider viability, contribution to external trade, financial position and track record, and relevant expertise when deciding applications. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2095