Corporate Professionals Blog

The RBI vide A.P. (DIR Series) Circular No. 96 & 97 dated 28th March, 2012 has liberalized the provisions related to Overseas Direct Investment. The objective is to provide operational flexibility to Indian Corporate having investment abroad or Indian resident individuals to acquire securities aboard. ; Key terms of circular are outlined below:   Liberalised provision relating to Corporate having investment abroad  

Mr. Chander Sawhney Vice President +9810557353 chander@indiacp.com The Hon’ble Finance Minister Shri Pranab Mukherjee on 16.03.2012 presented the Union Budget 2012. During the Year, as the Growth moderated and fiscal deficit widened; the Minister admitted that the overall performance has been disappointing but also attributed part of it to the Global crisis, domestic inflationary pressures and weak industrial growth.