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TMI BlogOverseas Direct Investment- LiberalisationX X X X Extracts X X X X X X X X Extracts X X X X ..... of Any Foreign Security) Regulations, 2004 as amended from time to time (the Notification). As announced in the Annual Policy Statement for the Year 2007-08 (paras 132,133 and 134), the Regulations governing overseas investments have further been liberalised as under : 1. Enhancement of limit for Overseas Direct Investment (para 132) In terms of Regulation 6 of the Notification ibid, the to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed partnership firms), as on the date of the last audited balance sheet. 2. Financial Commitment for overseas investment - guarantees issued by an Indian Party to or on behalf of the JV WOS (para 132) In terms of Regulation 2(f) of the Notification ibid, 'financial commitment' means the amount of direct investment by way of contribution to equity, loan and 50 per cent of the amount of guaran ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nvestment by Listed Indian Companies (para 134) In terms of Regulation 6B of the Notification ibid, listed Indian companies are permitted to invest up to 25 per cent of their net worth in the equity of listed foreign companies, which are listed on a recognised stock exchange and having shareholding of at least 10 per cent in Indian companies listed on a recognised stock exchange in India and ra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act 1999 (42 of 1999) and is without prejudice to permissions / approvals, if any, required under any other law. RBI/2006-2007/437 (Salim Gangadharan) Chief General Manager - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanage ..... X X X X Extracts X X X X X X X X Extracts X X X X
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