https://www.taxtmi.com/circulars?id=2135 Eligible Indian entities may invest abroad in joint ventures and wholly owned subsidiaries under the automatic route up to an enhanced ceiling measured against the investing company's net worth, excluding investments from EEFC balances and ADR/GDR proceeds; authorised dealer banks shall permit remittances up to the ceiling based on the last audited balance sheet and process form ODA proposals. Separately, outright secondary market Government securities transactions are standardised to T+1 settlement, while repo first-leg settlement may be T+0 or T+1. en-us Thu, 12 May 2005 00:00:00 +0530 Fri, 03 Oct 2008 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2135 Eligible Indian entities may invest abroad in joint ventures and wholly owned subsidiaries under the automatic route up to an enhanced ceiling measured against the investing company's net worth, excluding investments from EEFC balances and ADR/GDR proceeds; authorised dealer banks shall permit remittances up to the ceiling based on the last audited balance sheet and process form ODA proposals. Separately, outright secondary market Government securities transactions are standardised to T+1 settlement, while repo first-leg settlement may be T+0 or T+1. Circulars FEMA Thu, 12 May 2005 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2135