https://www.taxtmi.com/acts?id=2102 Transfer of shares in an overseas JV or WOS by an Indian party is permitted subject to conditions: no write-off of the investment, sale through an overseas stock exchange or at not less than a CA/CPA-certified fair value if privately arranged, no outstanding entitlements from the JV/WOS, one full year of operation with audited accounts and Annual Performance Report submitted to the Reserve Bank, and absence of investigation by specified Indian authorities. Sale proceeds must be repatriated and documented to the Reserve Bank; otherwise prior Reserve Bank permission is required. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 21 Jun 2025 10:23:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2102 Transfer of shares in an overseas JV or WOS by an Indian party is permitted subject to conditions: no write-off of the investment, sale through an overseas stock exchange or at not less than a CA/CPA-certified fair value if privately arranged, no outstanding entitlements from the JV/WOS, one full year of operation with audited accounts and Annual Performance Report submitted to the Reserve Bank, and absence of investigation by specified Indian authorities. Sale proceeds must be repatriated and documented to the Reserve Bank; otherwise prior Reserve Bank permission is required. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2102