A person resident in India made Overseas Direct Investment in a foreign entity permit for Restructuring

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s made ODI in a foreign entity may permit for Restructuring For the Restructuring following condition to be fulfilled namely * The balance sheet by such foreign entity, which has been incurring losses for the previous two years as evidenced by its last audited balance sheets, subject to ensuring compliance with reporting, documentation requirements and subject to the diminution in the total va....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e than six months before the date of the transaction shall be submitted to the designated Authorised Dealer bank. Restructuring [ As per Para 14 of FED Master Direction No. 15/2024-25 dated 24.07.2024 ] * (1) A person resident in India who has made ODI in a foreign entity, may permit restructuring of the balance sheet by such foreign entity in accordance with rule 18 of OI Rules. The aggregate ....