https://www.taxtmi.com/notifications?id=6665 The amendment raises the total financial commitment ceiling for Indian parties in Joint Ventures and Wholly Owned Subsidiaries to 400% of the Indian party's net worth, unifying previous differentiated caps into a single 400% net-worth limit and updating explanatory provisions. It removes the prior requirement that an investing party hold at least 10% in a listed Indian company as of 1 January of the investment year, and increases a specified net-worth-linked investor threshold from 35% to 50% of net worth; the changes operate retrospectively from 26 September 2007. en-us Wed, 19 Dec 2007 00:00:00 +0530 Wed, 02 Jan 2013 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=6665 The amendment raises the total financial commitment ceiling for Indian parties in Joint Ventures and Wholly Owned Subsidiaries to 400% of the Indian party's net worth, unifying previous differentiated caps into a single 400% net-worth limit and updating explanatory provisions. It removes the prior requirement that an investing party hold at least 10% in a listed Indian company as of 1 January of the investment year, and increases a specified net-worth-linked investor threshold from 35% to 50% of net worth; the changes operate retrospectively from 26 September 2007. Notifications FEMA Wed, 19 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/notifications?id=6665