https://www.taxtmi.com/acts?id=40938 A person resident in India who has made ODI may permit restructuring of a loss making foreign entity's balance sheet provided reporting and documentation requirements are met and the diminution in outstanding dues after restructuring does not exceed the proportionate accumulated losses. If the original investment is above a prescribed high-value threshold or the diminution exceeds a prescribed proportion of outstanding dues, the diminution must be certified on an arm's length basis by a registered valuer under the Companies Act or a corresponding valuer/CPA in the host jurisdiction, with a certificate dated within six months submitted to the designated AD bank. en-us Tue, 23 Aug 2022 15:18:01 +0530 Thu, 29 May 2025 12:22:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40938 A person resident in India who has made ODI may permit restructuring of a loss making foreign entity's balance sheet provided reporting and documentation requirements are met and the diminution in outstanding dues after restructuring does not exceed the proportionate accumulated losses. If the original investment is above a prescribed high-value threshold or the diminution exceeds a prescribed proportion of outstanding dues, the diminution must be certified on an arm's length basis by a registered valuer under the Companies Act or a corresponding valuer/CPA in the host jurisdiction, with a certificate dated within six months submitted to the designated AD bank. Act-Rules FEMA Tue, 23 Aug 2022 15:18:01 +0530 https://www.taxtmi.com/acts?id=40938