https://www.taxtmi.com/acts?id=8301 A proprietorship concern or an unregistered partnership firm in India may set up or acquire a Joint Venture (JV) or Wholly Owned Subsidiary (WOS) outside India only with the prior approval of the Reserve Bank, provided they satisfy the eligibility criteria for Overseas Direct Investment as prescribed by the Reserve Bank. The amendment replaces an earlier version that conditioned permission on recognition as a Star Export House and compliance with Schedule II criteria. en-us Thu, 17 Jan 2008 19:20:34 +0530 Sat, 21 Jun 2025 10:44:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8301 A proprietorship concern or an unregistered partnership firm in India may set up or acquire a Joint Venture (JV) or Wholly Owned Subsidiary (WOS) outside India only with the prior approval of the Reserve Bank, provided they satisfy the eligibility criteria for Overseas Direct Investment as prescribed by the Reserve Bank. The amendment replaces an earlier version that conditioned permission on recognition as a Star Export House and compliance with Schedule II criteria. Act-Rules FEMA Thu, 17 Jan 2008 19:20:34 +0530 https://www.taxtmi.com/acts?id=8301