ZEE Business
ZEE BUSINESS
Live TV
Live TV
  • India
    • Economy
    • Politics
    • Markets
  • World
    • Economy
    • Politics
    • Markets
  • Companies
    • Auto
    • Banking & Financial Services
    • Pharma
    • Energy
    • Infrastructure
    • Media
    • IT
    • Telecom
    • Consumer Products
    • Aviation
    • FMCG
  • Market
    • Mutual Funds
    • Commodity
  • Personal Finance
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
  • Technology
  • Automobile
    • Cars
    • Bikes
  • Small Business
    • SME
    • Startups
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
    • AUTHORS
Home » Companies News

RBI may soon allow Indian companies to invest in start-ups abroad

  • Twitter
  • Facebook
  • GPlus
RBI may soon allow Indian companies to invest in start-ups abroad
Indian party should have minimum net worth of Rs 500 crore based on the last audited balance sheet. Photo: Wikipedia
By ZeeBiz WebTeam
Updated: Fri, Sep 30, 2016
05:51 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
RBI monetary policy review 2018 key takeaways: From Inflation to bitcoin, check out 5 power points RBI monetary policy review 2018 key takeaways: From Inflation to bitcoin, check out 5 power points
RBI monetary policy review 2018: Read full text of statement here RBI monetary policy review 2018: Read full text of statement here
Rs 7.57 lakh crore farm credit disbursed in April-December of FY16 Rs 7.57 lakh crore farm credit disbursed in April-December of FY16
Banks should transmit lower cost of funds to customers, experts say Banks should transmit lower cost of funds to customers, experts say
Over 50% of MSS auctioned by RBI so far Over 50% of MSS auctioned by RBI so far

Eligibility for Indian party Investment in Overseas Technology Fund

The Indian party should have a minimum networth of Rs. 500 crore based on the last audited balance sheet and shall be listed on the stock exchange;

It should not be in the caution list of the Reserve Bank (for long overdue export bills);

Its total overseas investment should not exceed 400 per cent of its networth ; and

The Indian party should have earned net profit in the last three years.

 

Reserve Bank of India (RBI) on Friday asked for feedback on guidelines for Indian companies wanting to invest in overseas start-ups

It said, "The Reserve Bank of India (RBI) has today placed on its website for comments/feedback, the proposed draft framework for according approval to Indian parties investing in overseas startups through an overseas technology fund under the Foreign Exchange Management "

The apex bank has been receiving references from various Indian parties displaying their interest to invest in overseas technology funds, which in turn will further invest in overseas technology start-ups.

The bank said, "The Reserve Bank has been receiving references from various Indian parties to invest in overseas technology funds which in turn will further invest in overseas technology startups. Such proposals generally do not meet the eligibility norms for making the overseas direct investment under the automatic route." 

It further said, "It is proposed that the Reserve Bank will deal with such requests under the approval route in terms of Regulation 9 of the same Notification, which enables an Indian party to seek prior approval if they do not satisfy the eligibility norms for automatic route."

Under  eligibility norms, it said the Indian party should have minimum net worth of Rs 500 crore  based on the last audited balance sheet and should be a listed company on stock exchanges.

Also, the companies should have net profit in their financial statement in the last three years.
 

TAGS:
Reserve Bank of India (RBI)overseas start-upslisted companiesoverseas technology fundEconomyInvestment
Next Article

NEXT STORY: Kotak Mahindra Bank acquires nearly 99.5% stakes in BSS Microfinance

RELATED NEWS
RBI monetary policy review 2018 key takeaways: From Inflation to bitcoin, check out 5 power points RBI monetary policy review 2018 key takeaways: From Inflation to bitcoin, check out 5 power points
RBI monetary policy review 2018: Read full text of statement here RBI monetary policy review 2018: Read full text of statement here
Rs 7.57 lakh crore farm credit disbursed in April-December of FY16 Rs 7.57 lakh crore farm credit disbursed in April-December of FY16
Banks should transmit lower cost of funds to customers, experts say Banks should transmit lower cost of funds to customers, experts say
Over 50% of MSS auctioned by RBI so far Over 50% of MSS auctioned by RBI so far

LATEST NEWS

Huawei P20 Pro, P20 Lite launch gets India deadline: Price, specs and features here

Essar imports 18 percent less oil from Iran in 2017/18

Google's ''Chat'' service a precious gift to cybercriminals: Amnesty

Sensex, Nifty mark 4th consecutive weekly gain; Bharti Airtel, Wipro Q4 results eyed next week

U.S. biotech companies Alnylam, Dicerna settle trade secrets case

Global Economy: Is it just a cold, or something more serious?

Apple, bond concerns lead Wall Street slide

Oil price today: After sliding on Donald Trump tweet criticizing OPEC, fuel makes recovery

U.S. yield hits four-year high; stocks fall on tech sector

SBI PO recruitment 2018 notification: Last date May 13, check sbi.co.in; know about exams, fees, pay and more

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Contact Us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • Amazon Prime Day
  • Income Tax
  • Bharti Airtel
  • NPA
  • Home Loan

Trending Topics

  • Farm Loans
  • 7th Pay Commission
  • Sanitary Pads
  • National Stock Exchange
  • GST

Follow us on

zeebiz
zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved