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Overseas Direct Investment - Liberalisation

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Full Text of the Document

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....Dealers is invited to AP (DIR Series) Circular No.41 dated December 6, 2003 permitting Indian companies to transfer shares of their JV/WOS abroad by way of sale under Automatic Route. As Authorised Dealers are aware, such disinvestment is permitted only in case of full repatriation of investment made and other entitlements, if any. 2. As a further measure of liberalisation, it has been decided t....

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