https://www.taxtmi.com/circulars?id=11085 Companies making overseas equity investments beyond prescribed thresholds must obtain both foreign exchange clearance and prior Central Government permission under section 372. To avoid sequential delay, firms should submit simultaneous applications to the foreign exchange authority and the Department of Company Affairs; both will process proposals concurrently for committee consideration, with foreign exchange clearance followed by the Department's section 372 approval. The Department is also included on the review committees to facilitate coordinated consideration. en-us Mon, 15 Jul 1996 00:00:00 +0530 Mon, 20 Jun 2011 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11085 Companies making overseas equity investments beyond prescribed thresholds must obtain both foreign exchange clearance and prior Central Government permission under section 372. To avoid sequential delay, firms should submit simultaneous applications to the foreign exchange authority and the Department of Company Affairs; both will process proposals concurrently for committee consideration, with foreign exchange clearance followed by the Department's section 372 approval. The Department is also included on the review committees to facilitate coordinated consideration. Circulars Companies Law Mon, 15 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11085