- With a view to providing more operational flexibility to Indian corporates having investments abroad, it has been decided to further liberalise / rationalise the following regulations relating to overseas direct investment:
- Performance Guarantees issued by the Indian Party
Indian Companies has to take into account only 50% of the performance guarantee given by them for execution of projects in abroad in their aggregate 100% ceiling of the net worth of Indian company .
This is as per RBI Circular -RBI/2010-11/548 -A.P. (DIR Series) Circular No. 69