https://www.taxtmi.com/notifications?id=3771 The notification amends Regulation 6 of the Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations by increasing the monetary threshold in sub regulation (2)(i), replacing sub regulation (2)(iii) to require direct investment in an overseas JV or WOS engaged in a bona fide business activity, and by revising sub regulation (3)(ii) to permit up to full ownership while omitting the prior proviso. en-us Sat, 01 Mar 2003 00:00:00 +0530 Wed, 15 Jul 2009 15:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=3771 The notification amends Regulation 6 of the Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations by increasing the monetary threshold in sub regulation (2)(i), replacing sub regulation (2)(iii) to require direct investment in an overseas JV or WOS engaged in a bona fide business activity, and by revising sub regulation (3)(ii) to permit up to full ownership while omitting the prior proviso. Notifications FEMA Sat, 01 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/notifications?id=3771