https://www.taxtmi.com/forum/issue?id=1543 An Indian resident proposes taking 46% equity and a directorship in a Tanzanian joint venture by subscribing for shares directly. The central question is whether to remit under the Liberalised Remittance Scheme or to route the investment through a resident company as an Overseas Direct Investment requiring Form ODI, with applicability governed by the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004 and related circulars; further factual details are sought to determine the correct compliance path. en-us Thu, 15 Oct 2009 13:40:36 +0530 Thu, 23 Jan 2025 15:58:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1543 An Indian resident proposes taking 46% equity and a directorship in a Tanzanian joint venture by subscribing for shares directly. The central question is whether to remit under the Liberalised Remittance Scheme or to route the investment through a resident company as an Overseas Direct Investment requiring Form ODI, with applicability governed by the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004 and related circulars; further factual details are sought to determine the correct compliance path. Discussion-Forum FEMA Thu, 15 Oct 2009 13:40:36 +0530 https://www.taxtmi.com/forum/issue?id=1543