Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2013 https://www.taxtmi.com/notifications?id=115824 Resident individuals may make overseas direct investment in equity and compulsorily convertible preference shares of a JV or WOS abroad subject to Schedule V. Schedule V prohibits investment in real estate, banking, and financial services activities, bars investment in FATF non-cooperative jurisdictions, requires the JV/WOS to be an operating entity with no step-down subsidiaries, restricts investments to the ceiling under the Liberalised Remittance Scheme (including EEFC/RFC balances), mandates valuation as per the Principal Regulations, and prohibits additional financial commitments beyond permitted overseas direct investment. en-us Tue, 05 Mar 2013 00:00:00 +0530 Mon, 12 Aug 2013 14:51:00 +0530 TaxTMI RSS Generator Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2013 https://www.taxtmi.com/notifications?id=115824 Resident individuals may make overseas direct investment in equity and compulsorily convertible preference shares of a JV or WOS abroad subject to Schedule V. Schedule V prohibits investment in real estate, banking, and financial services activities, bars investment in FATF non-cooperative jurisdictions, requires the JV/WOS to be an operating entity with no step-down subsidiaries, restricts investments to the ceiling under the Liberalised Remittance Scheme (including EEFC/RFC balances), mandates valuation as per the Principal Regulations, and prohibits additional financial commitments beyond permitted overseas direct investment. Notifications FEMA Tue, 05 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/notifications?id=115824