Indian Direct Investment Outside India

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....nt Outside India Attention of authorised dealers is invited 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 3^rd 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....

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....s restriction is also applicable to Indian parties which are defaulters 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 w....