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Reserve bank of India

July 2, 2011

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Reserve Bank of India (RBI) vide  A.P. (DIR Series) Circular No. 73 dated 29th June, 2011 Liberalized Overseas Direct Investment provisions    relating   to   transfer by way of sale of shares of a joint venture or wholly owned subsidiary (JV or WOS) outside India with and without write off upon  fulfillment of certain conditions.
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