Restructuring foreign entity under ODI rules

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..... Rule 18 of the ODI Rules, 2022 states that A person resident in India who has made ODI in a foreign entity may permit restructuring of the balance sheet by such foreign entity, which has been incurrin .....

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..... g losses for the previous two years as evidenced by its last audited balance sheets, subject to... . What is restructuring is not defined; however assuming capital reduction is restructuring, my doubt .....

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..... is whether such a capital reduction is permitted even when the foreign entity does not incur losses in the last 2 years? What happens when the Indian entity does not have 'control'? If a capi .....

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..... tal reduction happens even without losses, can the Indian entity prevent the reduction? Any thoughts will be appreciated. - Restructuring foreign entity under ODI rules - Query Started By: - g srika .....

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..... nth Dated:- 4-4-2024 FEMA - FEMA - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com .....

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..... - TMI - TaxTMI - TMITax .....

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