TaxTMI 
TaxTMI 
TaxTMI 
Capital Account Transactions – Liberalisation - Clarification
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....beralisation - Clarification Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.66 dated January 13, 2003 advising certain liberalisation measures in respect of overseas direct investment by various categories of investors. The matter has been reviewed and clarification on certain issues is indicated in Annexure I to this circular. 2. Authorised dealers are required to p....
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....he database mentioned at para 2 above, in respect of each of the categories of the investors is given in Annexure II. Authorised dealers may ensure that the monthly statements are forwarded by the designated branches in terms of A.P. (DIR Series) Circular No.43 datedApril 30, 2002 to the Chief General Manager, Exchange Control Department, Reserve Bank of India, Overseas Investment Division, AmarBu....
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.... dealers are permitted to allow initial remittances towards registration charges for individuals/corporates to register themselves with overseas brokerage firms. 2. Availment of various facilities provided by overseas brokerage firms At present overseas investment is permitted in companies listed on a recognised stock exchange and which have a minimum shareholding of 10 per cent in an Indian co....
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....to Indian investors to open overseas bank accounts and securities accounts A separate circular is being issued. ANNEXURE-II [A.P.(DIR Series) Circular No.96 dated April 28, 2003] Statement Indicating Investment made in terms of AP (Dir Series) Circular No. 66 Dated January 13, 2003 Statement of Investments made during the month of------------------------- Name of the Bank---------------------....