Approval of the Reserve Bank in certain cases

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..... nder Regulations 6 or 7 or 8, may apply to the Reserve Bank for approval. 3 [(2) Application for direct investment in Joint Venture / Wholly Owned Subsidiary outside India, or by way of exchange for shares of a foreign company, shall be made in Part I of the Form ODI , as prescribed by the Reserve Bank from time to time.] 4 [ (2A) An application made under sub-regulation (2) in Form .....

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..... valuation carried out by a Category I Merchant Banker registered with the SEBI or an Investment Banker / Merchant Banker registered with the appropriate regulatory authority in the host country. ] (3) The Reserve Bank may, inter alia, take into account following factors while considering the application made under sub-regulation (2): a. Prima facie viability of the Joint Venture/Wholly Owned S .....

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..... d July, 2014 , before it was read as, 1 [(2) Application for direct investment in Joint Venture/Wholly Owned Subsidiary outside India, or by way of exchange for shares of a foreign company, shall be made in Part I of the Form ODI.] 4. Substituted vide NOTIFICATION No. FEMA 314/RB-2014, dated 3rd July, 2014 , before it was read as, (2A) An application made under sub-regulation (2) .....

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