https://www.taxtmi.com/circulars?id=2723 Overseas direct investment rules are liberalised: AD Category I banks may permit investments by Indian companies under the Automatic Route up to an enhanced ceiling measured against the last audited net worth. Financial commitment is redefined to include the full amount of guarantees issued by the investing company or related Indian entities, applicable to new and existing investments. Listed Indian companies' portfolio investment limit in eligible foreign securities is also increased, with existing portfolio conditions unchanged. en-us Thu, 14 Jun 2007 00:00:00 +0530 Mon, 06 Oct 2008 13:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2723 Overseas direct investment rules are liberalised: AD Category I banks may permit investments by Indian companies under the Automatic Route up to an enhanced ceiling measured against the last audited net worth. Financial commitment is redefined to include the full amount of guarantees issued by the investing company or related Indian entities, applicable to new and existing investments. Listed Indian companies' portfolio investment limit in eligible foreign securities is also increased, with existing portfolio conditions unchanged. Circulars FEMA Thu, 14 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2723