Master Circular on Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad
This Master Circular outlines the guidelines and regulations for direct investment by residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) abroad.
Section A – General
This section provides an introduction to the guidelines, statutory basis, and prohibitions on direct investment outside India.
Section B – Direct Investment Outside India
This section outlines the automatic route for direct investment, including:
- Issue of guarantee by an Indian Party to step down subsidiary of JV / WOS
- Investment through Special Purpose Vehicle (SPV) under Automatic Route
Section C – Other Investments in Foreign Securities
This section provides guidelines for other investments in foreign securities.
Operational Instructions to Authorised Dealer Banks
This section outlines the operational instructions for authorised dealer banks.
Part – I
This part provides detailed guidelines and regulations for direct investment outside India.
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