OVERSEAS DIRECT INVEST- MENT BY REGISTERED TRUST / SOCIETY - HOSPITALS
It has been decided, in consultation with the Government of India, to allow Registered Trusts and Societies which have set up hospital(s) in India to make investment in the same sector(s) in a Joint
Venture or Wholly Owned Subsidiary outside India, with the prior approval of the Reserve Bank. Trusts / Societies satisfying the eligibility criteria as prescribed in the Annex to the above mentioned circular may submit the application/s in Form ODI-Part I, through their AD Category - I bank/s to the
Reserve Bank for consideration. The other terms and conditions and reporting requirements listed in the above mentioned A.P. (Dir Series) Circular No. 53 dated June 27, 2008 remain unchanged.
Venture or Wholly Owned Subsidiary outside India, with the prior approval of the Reserve Bank. Trusts / Societies satisfying the eligibility criteria as prescribed in the Annex to the above mentioned circular may submit the application/s in Form ODI-Part I, through their AD Category - I bank/s to the
Reserve Bank for consideration. The other terms and conditions and reporting requirements listed in the above mentioned A.P. (Dir Series) Circular No. 53 dated June 27, 2008 remain unchanged.
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