https://www.taxtmi.com/circulars?id=8138 The Master Circular consolidates rules under FEMA 2004 for resident Indian direct investment in overseas JV/WOS through two routes: an Automatic Route permitting investments up to 400% of the investor's net worth (including equity, loans and 100% of guarantees) subject to conditions, and an Approval Route for other cases. It prescribes funding methods, valuation and reporting requirements, sectoral restrictions (real estate, banking, financial services), SPV rules, disinvestment conditions, mandatory routing via a designated AD Category I bank, use of Form ODI and allotment of a Unique Identification Number, and ongoing APR and compliance obligations. en-us Thu, 01 Jul 2010 00:00:00 +0530 Wed, 11 Feb 2026 15:55:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8138 The Master Circular consolidates rules under FEMA 2004 for resident Indian direct investment in overseas JV/WOS through two routes: an Automatic Route permitting investments up to 400% of the investor's net worth (including equity, loans and 100% of guarantees) subject to conditions, and an Approval Route for other cases. It prescribes funding methods, valuation and reporting requirements, sectoral restrictions (real estate, banking, financial services), SPV rules, disinvestment conditions, mandatory routing via a designated AD Category I bank, use of Form ODI and allotment of a Unique Identification Number, and ongoing APR and compliance obligations. Circulars FEMA Thu, 01 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8138