Article
Liberalization Of Overseas Direct Investment
Presently, an Indian company is permitted to undertake direct investment in all its Joint Ventures (JV) and/ or Wholly Owned Subsidiaries (WOS) abroad engaged in bona fide business activities, provided that the total financial commitment / overseas investment of the Indian company in such JV or WOS does not exceed 300% of its net worth, by virtue of the provisions of the Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2004 ("Regulations").
Mulla & Mulla & Craigie Blunt & Caroe

