What are the prohibited activities for overseas direct investment?

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Real estate as defined in Regulation 2(p) of the Notification and banking business are the prohibited sectors for overseas direct investment. However, Indian banks operating in India can set up JVs/WOSs abroad provided they obtain clearance under the Banking Regulation Act, 1949, from the Department of Banking Operations and Development (DBOD), CO, RBI. An overseas… Read more »

What is direct investment outside India?

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Unskilled workers and a household service workers seeking employment abroad should furnish (in original) the following documents at the time of obtaining emigration clearance: Passport valid for a minimum period of six months Valid employment visa. Employment contract signed by the foreign employer and duly attested by the Indian Mission or permission letter from the… Read more »