https://www.taxtmi.com/circulars?id=6378 Consolidated RBI Master Circular prescribes the regulatory regime for resident Indian direct investment in overseas JVs and WOS, establishing Automatic and Approval routes, a 400% net worth ceiling (with specified exceptions), permitted funding sources, valuation and documentation standards, sectoral conditions for financial and energy sectors, eligibility conditions for proprietorships/trusts/societies, and mandatory reporting via Form ODI with Unique Identification Numbers, along with operational duties of AD Category I banks including verification, retention of evidence, remittance certification, and rules on disinvestment, pledges, guarantees and hedging. en-us Wed, 01 Jul 2009 00:00:00 +0530 Thu, 02 Jul 2009 08:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6378 Consolidated RBI Master Circular prescribes the regulatory regime for resident Indian direct investment in overseas JVs and WOS, establishing Automatic and Approval routes, a 400% net worth ceiling (with specified exceptions), permitted funding sources, valuation and documentation standards, sectoral conditions for financial and energy sectors, eligibility conditions for proprietorships/trusts/societies, and mandatory reporting via Form ODI with Unique Identification Numbers, along with operational duties of AD Category I banks including verification, retention of evidence, remittance certification, and rules on disinvestment, pledges, guarantees and hedging. Circulars FEMA Wed, 01 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6378