https://www.taxtmi.com/circulars?id=11130 The Reserve Bank permits Indian parties to sell shares of overseas JV/WOS without prior approval where the sale does not cause write off, is on a listed exchange or at a CA/CPA certified fair value if private, the overseas concern has operated for at least one year and filed audited accounts and performance report, no dues or export proceeds are outstanding, and the Indian party is not under investigation; specified write off disinvestments are permitted without prior approval in enumerated cases subject to the same operational conditions; disinvestment details must be filed with the designated AD Category I bank within thirty days, otherwise prior RBI permission is required. en-us Wed, 29 Jun 2011 00:00:00 +0530 Wed, 29 Jun 2011 19:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11130 The Reserve Bank permits Indian parties to sell shares of overseas JV/WOS without prior approval where the sale does not cause write off, is on a listed exchange or at a CA/CPA certified fair value if private, the overseas concern has operated for at least one year and filed audited accounts and performance report, no dues or export proceeds are outstanding, and the Indian party is not under investigation; specified write off disinvestments are permitted without prior approval in enumerated cases subject to the same operational conditions; disinvestment details must be filed with the designated AD Category I bank within thirty days, otherwise prior RBI permission is required. Circulars FEMA Wed, 29 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11130