https://www.taxtmi.com/circulars?id=2968 AD Category I banks may allow overseas investments under the Automatic Route up to an enhanced ceiling calculated on the investing party's net worth as per the last audited balance sheet. Listed Indian companies are permitted to invest a larger proportion of their net worth in shares and in rated bonds or fixed income securities of listed overseas companies rated not below investment grade, and the reciprocal shareholding requirement has been removed; other conditions of the existing regulation remain unchanged. en-us Wed, 26 Sep 2007 00:00:00 +0530 Mon, 06 Oct 2008 13:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2968 AD Category I banks may allow overseas investments under the Automatic Route up to an enhanced ceiling calculated on the investing party's net worth as per the last audited balance sheet. Listed Indian companies are permitted to invest a larger proportion of their net worth in shares and in rated bonds or fixed income securities of listed overseas companies rated not below investment grade, and the reciprocal shareholding requirement has been removed; other conditions of the existing regulation remain unchanged. Circulars FEMA Wed, 26 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2968