Global Trade Alert
Global Trade Alert

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India: Resident individuals permitted to make overseas investments in joint ventures or wholly owned subsidiaries

Description

On 5 August 2013, the Reserve Bank of India (RBI) permitted resident individuals to make Overseas Direct Investments (ODI) in equity shares or compulsorily convertible preference shares of a Joint Ven...

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Intervention Details

Intervention Type

FDI: Entry and ownership rule

MAST Chapter

FDI measures

Implementation date

05 Aug 2013

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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