https://www.taxtmi.com/circulars?id=54183 This Master Direction consolidates the regulatory framework for resident direct investments in overseas Joint Ventures and Wholly Owned Subsidiaries, distinguishing an Automatic Route with specified funding methods, ceilings and eligibility conditions from an Approval Route requiring prior Reserve Bank consent. It prescribes the composition and treatment of financial commitments, sectoral prohibitions and additional conditions for financial services, reporting obligations including UIN allotment and Annual Performance Reports, valuation and documentation norms for acquisitions and share swaps, rules on guarantees, pledges and creation of charges, and operational duties of Authorised Dealer Category I banks. en-us Fri, 01 Jan 2016 00:00:00 +0530 Tue, 26 Oct 2021 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54183 This Master Direction consolidates the regulatory framework for resident direct investments in overseas Joint Ventures and Wholly Owned Subsidiaries, distinguishing an Automatic Route with specified funding methods, ceilings and eligibility conditions from an Approval Route requiring prior Reserve Bank consent. It prescribes the composition and treatment of financial commitments, sectoral prohibitions and additional conditions for financial services, reporting obligations including UIN allotment and Annual Performance Reports, valuation and documentation norms for acquisitions and share swaps, rules on guarantees, pledges and creation of charges, and operational duties of Authorised Dealer Category I banks. Circulars FEMA Fri, 01 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54183