https://www.taxtmi.com/circulars?id=11167 Consolidated RBI guidance under FEMA 120/2004 governing direct investments by residents in overseas JVs and WOS establishes an Automatic Route (investments up to 400% of net worth, subject to conditions on equity participation, guarantees, valuation and reporting) and an Approval Route for other cases; prescribes permitted funding methods, sectoral compliance (financial services, energy), documentation and valuation norms, reporting via the ODI form with UIN allocation, designated AD bank procedures, obligations to submit APRs and evidence of investment, and operational rules for pledges, guarantees, hedging, write offs and disinvestments. en-us Fri, 01 Jul 2011 00:00:00 +0530 Sat, 09 Jul 2011 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11167 Consolidated RBI guidance under FEMA 120/2004 governing direct investments by residents in overseas JVs and WOS establishes an Automatic Route (investments up to 400% of net worth, subject to conditions on equity participation, guarantees, valuation and reporting) and an Approval Route for other cases; prescribes permitted funding methods, sectoral compliance (financial services, energy), documentation and valuation norms, reporting via the ODI form with UIN allocation, designated AD bank procedures, obligations to submit APRs and evidence of investment, and operational rules for pledges, guarantees, hedging, write offs and disinvestments. Circulars FEMA Fri, 01 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11167