9911796707
TMI BlogApproval of the Reserve Bank in certain casesX X X X Extracts X X X X X X X X Extracts X X X X ..... ions 6 or 7 or 8, may apply to the Reserve Bank for approval. 3[(2) Application for direct investment in Joint Venture / Wholly Owned Subsidiary outside India, or by way of exchange for shares of a foreign company, shall be made in Part I of the Form ODI, as prescribed by the Reserve Bank from time to time.] 4["(2A) An application made under sub-regulation (2) in Form ODI, as prescribed by the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I Merchant Banker registered with the SEBI or an Investment Banker / Merchant Banker registered with the appropriate regulatory authority in the host country. ] (3) The Reserve Bank may, inter alia, take into account following factors while considering the application made under sub-regulation (2): a. Prima facie viability of the Joint Venture/Wholly Owned Subsidiary outside India; b. Contribu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ication for direct investment in Joint Venture/Wholly Owned Subsidiary outside India, or by way of exchange for shares of a foreign company, shall be made in Part I of the Form ODI.]" 4. Substituted vide NOTIFICATION No. FEMA 314/RB-2014, dated 3rd July, 2014, before it was read as, "(2A) An application made under sub-regulation (2) in Form ODI (a) for the purpose of investment by way of remitt ..... X X X X Extracts X X X X X X X X Extracts X X X X
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