RBI eyes change in overseas investing rules

The guidelines for contributing abroad could get simpler for Indian entrepreneurs and private investors as the Reserve Bank of India (RBI) will be launching a consultation process for change in guidelines soon, said two individuals with direct information on the matter.

The focal point of these meetings will be around a specific guideline of the Overseas Direct Investment (ODI) system which says that if an Indian inhabitant purchases partakes in an unlisted organization abroad, the said unfamiliar organization can’t make additional subsidiaries abroad, individuals referred to above said.

The advancement comes as the national bank has got a few portrayals from previous startup organizers and private supporters to facilitate these standards. As indicated by market members, a few worthwhile unfamiliar purchasing openings keep coming up for these financial investors and because of the RBI limitations, the adaptability of such organizations has become an issue. An email shipped off RBI remained unanswered.