Overseas Direct Investments

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..... eign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004 ], as amended from time to time (the Notification) and the A.P. (DIR Series) Circular No. 11 dated September 26, 2007 ; A.P. (DIR Series) Circular No. 48 dated June 3, 2008 and A.P. (DIR Series) Circular No. 99 dated April 23, 2013 . On a review, it has been decided to rationalize the regulations governing t .....

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..... as direct investments under the Automatic Route up to 100 per cent of the net worth of the Indian party, as on the date of the last audited balance sheet; To reduce the existing limit of 400 per cent of the net worth of the Indian company, investing in the overseas unincorporated entities in the energy and natural resources sectors, under the automatic route, to 100 per cent of the net worth of .....

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..... ect and would apply to all fresh Overseas Direct Investment proposals on a prospective basis but would not apply to the existing JV/WOS set up under the extant regulations. 5. AD Category - I banks may bring the contents of this circular to the notice of their constituents and customers concerned. 6. Necessary amendments to the Notification No. FEMA.120/RB-2004 dated July 7, 2004, [ Foreign .....

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