https://www.taxtmi.com/manuals?id=2879 Overseas direct investment by Indian entities is permitted via subscription, purchase, rights issues, bonus shares, swaps, capitalisation of receivables and corporate reorganisations for bona fide business activities under Schedule I. ODI in financial services requires a three year profitability track record (with Covid 19 exceptions), registration/ regulation and necessary approvals; non financial entities face similar profitability conditions for investing in financial services (excluding banking/insurance). Aggregate financial commitments are capped relative to net worth, with specified reckonable items including EEFC balances, ADR/GDR proceeds and portions of ECBs, and exemptions for certain public sector strategic investments. en-us Fri, 16 Jun 2023 13:33:00 +0530 Sat, 21 Sep 2024 13:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=2879 Overseas direct investment by Indian entities is permitted via subscription, purchase, rights issues, bonus shares, swaps, capitalisation of receivables and corporate reorganisations for bona fide business activities under Schedule I. ODI in financial services requires a three year profitability track record (with Covid 19 exceptions), registration/ regulation and necessary approvals; non financial entities face similar profitability conditions for investing in financial services (excluding banking/insurance). Aggregate financial commitments are capped relative to net worth, with specified reckonable items including EEFC balances, ADR/GDR proceeds and portions of ECBs, and exemptions for certain public sector strategic investments. Manuals FEMA Fri, 16 Jun 2023 13:33:00 +0530 https://www.taxtmi.com/manuals?id=2879