Indian Direct Investment in Joint Ventures (JV)/Wholly Owned Subsidiaries (WOS) outside India

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....oreign Exchange Madam/Sirs, Indian Direct Investment in Joint Ventures (JV)/Wholly Owned Subsidiaries (WOS) 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 May 3, 2000, as amended from time to time. 2 In terms of A.P. (DIR....

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....ubmitted by authorised dealers has also been revised. All remittances/guarantees issued/capitalisation of exports etc., irrespective of whether under the automatic route or under Reserve Bank approval, are henceforth required to be reported in the revised form ODR (format enclosed), to the Chief General Manager, Reserve Bank of India, Exchange Control Department, Overseas Investment Division, Amar....