https://www.taxtmi.com/acts?id=40942 Overseas direct investment is allowed by various means including subscription, purchase, acquisition, capitalisation of permitted dues, securities swap, and corporate reorganisations for bonafide business activity. Indian entities investing in foreign financial services entities must meet profitability, registration/regulation and regulator approval requirements; COVID 19 affected years may be excluded when assessing profitability. Aggregate financial commitment is limited to 400 percent of net worth, excluding capitalised retained earnings but including specified depository receipt and external borrowing utilisations, with exemptions for certain public sector undertakings in strategic sectors. en-us Tue, 23 Aug 2022 15:21:13 +0530 Thu, 29 May 2025 12:37:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40942 Overseas direct investment is allowed by various means including subscription, purchase, acquisition, capitalisation of permitted dues, securities swap, and corporate reorganisations for bonafide business activity. Indian entities investing in foreign financial services entities must meet profitability, registration/regulation and regulator approval requirements; COVID 19 affected years may be excluded when assessing profitability. Aggregate financial commitment is limited to 400 percent of net worth, excluding capitalised retained earnings but including specified depository receipt and external borrowing utilisations, with exemptions for certain public sector undertakings in strategic sectors. Act-Rules FEMA Tue, 23 Aug 2022 15:21:13 +0530 https://www.taxtmi.com/acts?id=40942