TMI BlogMaking Overseas Direct Investment by Indian entityX X X X Extracts X X X X X X X X Extracts X X X X ..... y capital, listed or unlisted; acquisition through bidding or tender procedure; acquisition of equity capital by way of rights issue or allotment of bonus shares; capitalisation, within the time period, if any, specified for realisation under the Act, of any amount due towards the Indian entity from the foreign entity, the remittance of which is permitted under the Act or does not require prior permission of the Central Government or the Reserve Bank under the Act or any rules or regulations made or directions issued thereunder; the swap of securities; merger, demerger, amalgamation or any scheme of arrangement as per the applicable laws in India or laws of the host country or the host jurisdiction, as the case may be. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the period from 2020-2021 to 2021-2022, then the financial results of such period may be excluded for considering the profitability period of three years. such period may be extended by the Reserve Bank in consultation with the Central Government, as it may deem necessary: 4. An Indian entity NOT engaged in the insurance sector may make ODI in general and health insurance where such insurance business is supporting the core activity undertaken overseas by such an Indian entity. 5. Overseas Investment by banks and non-banking financial institutions regulated by the Reserve Bank shall be subject to the conditions laid down by the Reserve Bank under applicable laws in this regard. 6. Limit for fi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as Investment) Rules, 2022 read with Schedule - II of Foreign Exchange Management (Overseas Investment) Rules, 2022Schedule II Overseas Portfolio Investment by an Indian entity An Indian entity may make OPI which shall not exceed 50% of its net worth as on the date of its last audited balance sheet , in the manner and subject to the conditions laid down in this Schedule. A listed Indian company may make Overseas Portfolio Investment including by way of reinvestment. An unlisted Indian entity may make Overseas Portfolio Investment only acquisition of equity capital by way of rights issue or allotment of bonus shares; capitalisation, within the time period, if any, specified for realisation under the A ..... X X X X Extracts X X X X X X X X Extracts X X X X
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