https://www.taxtmi.com/notifications?id=115846 The amendments cap an Indian party's overseas investment by reference to a net worth-based ceiling, specifying which items form part of the total financial commitment, including remittances by market purchases, capitalization of export proceeds, full value of guarantees, investment in agricultural operations, ECBs compliant with guidelines, and fifty percent of performance guarantees; invocation of performance guarantees exceeding the ceiling requires prior regulatory approval before remittance. The drawal of foreign exchange from authorized dealers is aligned to the same net worth-linked limit, and bank guarantees backed by counter-guarantee or collateral are fully reckoned. Certain jurisdictional investments are placed on the approval route. en-us Wed, 14 Aug 2013 00:00:00 +0530 Mon, 19 Aug 2013 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=115846 The amendments cap an Indian party's overseas investment by reference to a net worth-based ceiling, specifying which items form part of the total financial commitment, including remittances by market purchases, capitalization of export proceeds, full value of guarantees, investment in agricultural operations, ECBs compliant with guidelines, and fifty percent of performance guarantees; invocation of performance guarantees exceeding the ceiling requires prior regulatory approval before remittance. The drawal of foreign exchange from authorized dealers is aligned to the same net worth-linked limit, and bank guarantees backed by counter-guarantee or collateral are fully reckoned. Certain jurisdictional investments are placed on the approval route. Notifications FEMA Wed, 14 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/notifications?id=115846