Submission of Information to Reserve Bank

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..... Where the Indian Party holds 50% or more of the paid-up capital of the foreign entity and (i) the foreign entity has been in operation for a period of less than two years; or (ii) the Indian Party has not repatriated the amount of dividends, fees and royalties due to it from the foreign entity; or (iii) proceeds of exports to the foreign entity have not b .....

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..... c) alteration of the company's capital structure, authorised or issued, or its shareholding pattern. (2) The restriction contained in sub-regulation(1) shall not apply where the investment in the foreign entity is entirely made out of balances held in Exchange Earners Foreign Currency account of the Indian Party and/or out of foreign currency resources raised by the Indian Party throu .....

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