RBI Issues Clarifications Regarding Applicability of Revised Guidelines in Respect of Overseas Direct Investment (ODI) to Facilitate Outward Investment Requirements of the Indian Companies https://www.taxtmi.com/news?id=11759 All financial commitments contracted or committed on or before August 14, 2013 remain governed by the earlier automatic route dispensation and need not be unwound or reapproved; fresh financial commitments after that date are subject to the revised automatic route cap with excess requiring prior RBI approval, while commitments funded from EEFC accounts, ADRs/GDRs, or by eligible ECBs are treated under specified exceptions, and AD banks must verify and report legacy commitments to RBI post facto. en-us Wed, 25 Sep 2013 09:35:32 +0530 Wed, 25 Sep 2013 09:35:32 +0530 TaxTMI RSS Generator RBI Issues Clarifications Regarding Applicability of Revised Guidelines in Respect of Overseas Direct Investment (ODI) to Facilitate Outward Investment Requirements of the Indian Companies https://www.taxtmi.com/news?id=11759 All financial commitments contracted or committed on or before August 14, 2013 remain governed by the earlier automatic route dispensation and need not be unwound or reapproved; fresh financial commitments after that date are subject to the revised automatic route cap with excess requiring prior RBI approval, while commitments funded from EEFC accounts, ADRs/GDRs, or by eligible ECBs are treated under specified exceptions, and AD banks must verify and report legacy commitments to RBI post facto. News - Wed, 25 Sep 2013 09:35:32 +0530 https://www.taxtmi.com/news?id=11759