FAQS

Direct Investment by Resident in Joint Venture (JV) /Wholly Owned Subsidiaries (WOS) Abroad

1. Where are the guidelines pertaining to overseas investment available and from where one can get clarification for the same? Answer: The guidelines have been notified by Reserve Bank of India vide Notification No. FEMA 120/2004-RB dated July 7, 2004, as amended from time to time, which can be accessed at the Reserve Bank’s website fema.rbi.org.in. A Master

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