https://www.taxtmi.com/acts?id=2409 If an Indian party holds a majority stake in a foreign entity and conditions such as short operation period, unrepatriated dues, unrealised export proceeds, need for further capital from India, or non lawful reduction of Indian equity exist, the Indian party must obtain prior Reserve Bank approval before consenting to: (a) any activity outside the original invested business; (b) participation in another foreign entity's capital; or (c) alteration of the company's authorised/issued capital or shareholding pattern. An exemption exists for investments funded solely from Exchange Earner Foreign Currency accounts or ADR/GDR resources. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 25 Jun 2025 14:18:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2409 If an Indian party holds a majority stake in a foreign entity and conditions such as short operation period, unrepatriated dues, unrealised export proceeds, need for further capital from India, or non lawful reduction of Indian equity exist, the Indian party must obtain prior Reserve Bank approval before consenting to: (a) any activity outside the original invested business; (b) participation in another foreign entity's capital; or (c) alteration of the company's authorised/issued capital or shareholding pattern. An exemption exists for investments funded solely from Exchange Earner Foreign Currency accounts or ADR/GDR resources. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2409