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What are the permissible sources for funding overseas direct investment

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Uma asked almost 3 years ago

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3 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered over 2 years ago

1. Drawal of foreign exchange from an AD bank in India. 2. Swap of shares (refers to the acquisition of the shares of an overseas JV / WOS by way of exchange of the shares of the Indian party). 3. Capitalization of exports and other dues and entitlements. 4. Proceeds of External Commercial Borrowings / Foreign Currency Convertible Bonds.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered almost 3 years ago

1. Drawal of foreign exchange from an AD bank in India. 2. Swap of shares (refers to the acquisition of the shares of an overseas JV / WOS by way of exchange of the shares of the Indian party). 3. Capitalization of exports and other dues and entitlements. 4. Proceeds of External Commercial Borrowings / Foreign Currency Convertible Bonds. 5. In exchange of ADRs / GDRs issued in accordance with the Scheme for issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993 and the guidelines issued by Government of India in the matter.

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Open uri20170510 32134 s5bvk0?1494421637 ARJUN PRATAP SINGH answered almost 3 years ago

Dear Friend, as far as your query is concerned that What are the permissible sources for funding overseas direct investment Let me informed that Funding for overseas direct investment can be made by one or more of the following sources: 1. Drawal of foreign exchange from an AD bank in India. 2. Swap of shares (refers to the acquisition of the shares of an overseas JV / WOS by way of exchange of the shares of the Indian party). 3. Capitalization of exports and other dues and entitlements. 4. Proceeds of External Commercial Borrowings / Foreign Currency Convertible Bonds. 5. In exchange of ADRs / GDRs issued in accordance with the Scheme for issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993 and the guidelines issued by Government of India in the matter. 6. Balances held in Exchange Earners Foreign Currency account of the Indian Party maintained with an Authorized Dealer. 7. Proceeds of foreign currency funds raised through ADR / GDR issues. Hope answer was helpful to you Regards, Arjun Pratap Singh

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