Indian Direct Investment Outside India

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....vited to Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2000 notified by the Reserve Bank vide Notification No. FEMA 19/RB-2000 dated 3rd May 2000 as amended from time to time. 2. In terms of Regulation 6 of the Notification, Indian parties are permitted to make direct investment in Joint Venture (JV) or Wholly Owned Subsidiary (WOS) outside India subject to ....

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....efaulters to the banking system in India and whose names appear in the Defaulters List published/circulated by the Reserve Bank. Authorised Dealers may, while allowing remittances under the automatic route, satisfy themselves that the Indian party proposing to make the investment is not included in the defaulters' list. Indian parties whose name appear in the defaulters' list may be advised to app....