TMI BlogMaster Circular on Direct Investment by Residents in Joint Venture (JV)/X X X X Extracts X X X X X X X X Extracts X X X X ..... Direct investments by residents in Joint Venture (JV) and Wholly Owned Subsidiary (WOS) abroad are being allowed, in terms of clause (a) of sub-section (3) of section 6 of the Foreign Exchange Management Act 1999, (42 of 1999) read with Notification No. GSR 757 (E) dated November 19, 2004 and FEMA Notification 120/RB-2004 dated July 7, 2004, as amended from time to time. 2. This Master Circ ..... X X X X Extracts X X X X X X X X Extracts X X X X
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