https://www.taxtmi.com/notifications?id=3738 Valuation and documentation requirements mandate that overseas investments by remittance be supported by share valuations: investments above a specified threshold require valuation by a Category I Merchant Banker registered with SEBI or an appropriately registered foreign investment/merchant banker; other investments may be valued by a Chartered Accountant or Certified Public Accountant. Share acquisitions paid for by issuance of the Indian party's shares must always be valued by a Category I Merchant Banker or an appropriately registered foreign banker. Form ODI applications must include the prescribed valuation reports. A new Form ODB permission permits proprietary concerns to accept foreign shares as fees subject to caps of fifty percent of fees per company and a ten percent shareholding limit per foreign company. en-us Tue, 01 Jan 2002 00:00:00 +0530 Wed, 15 Jul 2009 14:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=3738 Valuation and documentation requirements mandate that overseas investments by remittance be supported by share valuations: investments above a specified threshold require valuation by a Category I Merchant Banker registered with SEBI or an appropriately registered foreign investment/merchant banker; other investments may be valued by a Chartered Accountant or Certified Public Accountant. Share acquisitions paid for by issuance of the Indian party's shares must always be valued by a Category I Merchant Banker or an appropriately registered foreign banker. Form ODI applications must include the prescribed valuation reports. A new Form ODB permission permits proprietary concerns to accept foreign shares as fees subject to caps of fifty percent of fees per company and a ten percent shareholding limit per foreign company. Notifications FEMA Tue, 01 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/notifications?id=3738