https://www.taxtmi.com/acts?id=2400 Regulation 6 permits Indian parties to make overseas direct investment in JVs or WOS subject to a cap tied to the investor's net worth, with specified items included in the financial commitment (remittances, capitalization of export proceeds, guarantees, certain ECB and guarantee values). Investments must be bona fide, not by parties under caution or investigation, routed through a designated authorised dealer branch, and reported via Form ODA. Funding sources include EEFC balances, authorised dealer foreign exchange drawals within net-worth-based limits, and ADR/GDR proceeds. Valuation of overseas shares must follow prescribed merchant banker or accountant criteria. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 25 Jun 2025 14:29:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2400 Regulation 6 permits Indian parties to make overseas direct investment in JVs or WOS subject to a cap tied to the investor's net worth, with specified items included in the financial commitment (remittances, capitalization of export proceeds, guarantees, certain ECB and guarantee values). Investments must be bona fide, not by parties under caution or investigation, routed through a designated authorised dealer branch, and reported via Form ODA. Funding sources include EEFC balances, authorised dealer foreign exchange drawals within net-worth-based limits, and ADR/GDR proceeds. Valuation of overseas shares must follow prescribed merchant banker or accountant criteria. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2400