Restructuring of the balance sheet of JV/WOS involving write-off of capital and receivables

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..... of capital and receivables (1) A listed Indian Party, who has set up WOS abroad or have at least 51 per cent stake in an overseas JV, may write off capital (equity / preference shares) and other receivables, such as loans, royalty, technical knowhow fees and management fees in respect of the JV / WOS up to 25 per cent of the equity investment in the JV / WOS subject to condition that the Indi .....

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