Indian Direct Investment in Joint Ventures/Wholly Owned Subsidiaries Outside India

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Full Text of the Document

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....m/Sirs, Indian Direct Investment in Joint Ventures/Wholly Owned Subsidiaries 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 3rd May 2000 as amended from time to time. 2. With a view to streamlining the monitoring mechanis....