Overseas Direct Investments – Liberalisation / Rationalisation.

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....10/2000-RB dated May 3, 2000 [Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2000] (the Notification), as amended from time to time. 2. As per the extant provisions of FEMA, an Indian party (as defined under Notification No. FEMA 120/RB-2004 dated July 07, 2004, as amended from time to time) is required to obtain prior permission of the Reserve ....

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.... investments in terms of Regulation 6 (Regulation 7, if applicable) of Notification No. FEMA 120/RB-2004 dated July 7, 2004, as amended from time to time. II. The host country Regulations stipulate that the investments into the country is required to be routed through a designated account. III. FCA shall be opened, held and maintained as per the regulation of the host country. IV. The remittan....