The Overseas Deal

.....Recently however in June 2014, the RBI felt it appropriate to revise the limit under the LRS to $125,000 per financial year. The industry is therefore now keenly expecting and hoping that the ODI limit would also stand revised and hopefully reinstated to the full value as previously permitted. As regards the permission available under the FEM CAT Regulations for acquisition of immovable property outside India, the restriction imposed in August 2013 came as a surprise. Further,........

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