RBI/FED/2015-16/17 FED Master Direction No.3/2015-16 January 1, 2016 (Updated as on May 29, 2024) (Updated as on February 29, 2024) (Updated as on March 4, 2022) (Updated as on March 29, 2019)* To All Authorised Persons in Foreign Exchange Madam / Sir, Master Direction - Money Changing Activities

RBI/FED/2015-16/10 FED Master Direction No. 15/2015-16 January 1, 2016 To, All Authorised Dealer Category – I banks and Authorised banks Madam / Dear Sir, Master Direction – Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad Direct investments by residents in Joint Venture (JV) and Wholly Owned Subsidiary (WOS) abroad are being allowed, in terms of clause (a) of sub-section (3) of section 6 of the Foreign Exchange Management Ac