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RBI notifies FEMA (Transfer or Issue of any Foreign Security) Amendment Regulation, 2017

November 15, 2017
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RBI has notified FEMA Transfer or Issue of any Foreign Security) Amendment Regulation, 2017 wherein it has specified that the Statutory Auditor of the Indian party has to certify that law of the host country does not mandatory require auditing of the books of accounts of JV/ WOS and the figure in the APR are as per the un-audited accounts of the overseas JV/ WOS
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