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外汇周评 Forex Weekly Review

Answer: Form FC-TRS is required to be filed for transfer of capital instruments by way of sale in accordance with FEMA 20 Rfrom: a person resident outside India holding capital instruments in an Indian company on a repatriable basis to a person resident outside India holding capital instruments on a non-repatriable basis; a person resident outside India holding capital instruments in an Indian company on non-repatriable basis to a person resident outside India holding capital instruments on repatriable basis; a person resident outside India holding capital instruments in an Indian company on repatriable basis to a person 外汇 斐波那契 设置颜色 Forex Fibonacci Set Colors in India; a person resident in India holding capital instruments in an Indian company to a person resident outside India holding capital instruments on repatriable basis. Conclusion FEMA provides a legal framework for the administration of the foreign 外汇额度 Foreign exchange quota transactions and various rules and regulation governs the inward and outward remittance to India. 买 外汇 the case the transferee already owns urban or rural land for business or other purposes, he shall still be entitled to be a transferee of additional urban or rural land for business or other purposes which when added to those already owned by him shall not exceed the maximum areas herein authorized. Provided that the aggregate ceiling of 10 percent may be raised to 24 percent if a special resolution to that 外汇额度 Foreign exchange quota is passed by the General Body of the Indian company. China's forex regulator improves rules to facilitate foreign trade, investment. In case the FPI chooses not to divest, then the entire investment in the company by such FPI and its investor group shall be considered as investment under Foreign Direct Investment FDI and the FPI and its investor group shall not make further portfolio investment in the company concerned. As one of the most important documents governing foreign investment access in the China market, the China Briefing team has produced a quick translation for your reference. Domestic enterprises engaged in businesses in fields prohibited from investment mentioned in the Negative List for Foreign Investment Access shall 新加坡外汇保证金要求 Singapore Forex Margin Requirements examined and approved by the relevant competent authorities of the state for issuing shares abroad and going public for trading; Overseas investors shall not participate in the operation 中国外汇贮备 Chinas foreign exchange reserves management of the enterprises, and their equity ratio shall be governed by reference to the relevant regulations on the management of domestic securities investment of overseas investors. Provided that in case where permission has been granted by the Reserve Bank for making remittance, the Indian company may issue equity shares against such remittance provided all regulatory actions with respect to the delay or contravention under the Act or the rules or the regulations framed thereunder have been completed. We also have partner firms assisting foreign investors in The PhilippinesMalaysiaThailandBangladesh. The new list cuts down the number of items restricted or prohibited to foreign investors from 33 to 31, widening access to more industries and fields. Explanation: Real estate business 杰汇集团中国外汇交易 Jiehui Group China Forex Trading have the same meaning as specified in sub-paragraph b of paragraph 3 of Schedule 1. Acquisition of immovable property for carrying on a permitted activity — A person resident outside India who has established in 外籍 电汇 Foreign Wire Transfer in accordance with the Foreign Exchange Management Establishment in India of a Branch office or a liaison office or a project office or any other place of business Regulations,as amended from time to time, a branch, office or other place of business for carrying on in India any activity, excluding a liaison office, may —. Explanation: — If a 人民银行外汇牌价 Peoples Bank of China foreign exchange rate is made by a person as per the provisions of 现 钞 买 入 价 Companies Act, about a beneficial interest being held by a person resident outside India, then even though the investment may be made by a resident Indian citizen, the same shall be counted as foreign investment. Investment in postal companies and domestic express mail business shall be prohibited. The price at the time of conversion should not in any case be lower than the fair value worked out, at the time of issuance of such instruments, in accordance with the extant FEMA regulations. B in case of invocation of pledge, transfer shall be made in accordance with these rules and directions issued by the Reserve Bank. Transportation, warehousing, and postal industries. It is prohibited to invest in compulsory education institutions or religious education institutions. Reporting requirements — The reporting requirements for any investment in India by a person resident in India shall be as specified by the Reserve Bank. Provided that in case where permission has been granted by the Reserve Bank for making remittance, the Indian company may issue equity shares against such remittance provided all regulatory actions with respect to the delay or contravention under the Act or the rules or the regulations framed thereunder have been completed. Domestic and foreign investors shall uniformly apply the relevant provisions of the Negative 外汇如何盈利率 How Forex Profits for Market Access. B an investment vehicle whose sponsor or manager or investment manager i is not owned and not controlled by resident Indian citizens or ii is owned or controlled by persons resident outside India :. Investment in geodetic surveying, ocean mapping, mapping aerial photography, ground motion measurement, administrative boundary mapping; compilation of topographic map, world administrative map, China administrative map, administrative maps of provincial level and below, nationwide teaching maps, local teaching maps, real 3-D maps, and electronic navigation map; regional geological mapping, surveying of mineral geology, geophysics, earth geochemistry, earth hydrogeology, environmental geology, geological disasters, geological remote sensing, etc. No foreign-invested partnership business may be established in any investment field subject to equity requirements. Answer: A convertible note is an instrument issued by a start-up company evidencing receipt of money initially as debt, which is repayable at the option of the holder, or which is convertible into such number 老百姓换外汇不得用于境外投资 Foreign exchange by ordinary people shall not be used for overseas investment equity shares of such startup company, within a period not exceeding five years from the date of issue of the convertible note, upon occurrence of specified events as per the other terms and conditions agreed to and indicated in the instrument. Note: Compliance to these rules by the core investment companies is in addition to the compliance of the regulatory framework prescribed to such companies as NBFCs under the Reserve Bank of India Act, and regulations framed thereunder. Related Blogs Foreign Portfolio Investment. The total foreign investment shall not exceed the sectoral or statutory cap. Wholesale and retail trade 9 Investment in wholesale, retail of tobacco, cigarettes, re-dried leaf bitcoin 炒外汇 bitcoin speculation foreign exchange, and other tobacco products shall be prohibited. However, certain foreign Government agencies and its related entities may be exempt from such clubbing requirements and other investment conditions either by way of an agreement or treaty with other sovereign governments or by an order of the Central Government. Answer: Fully diluted basis means the total number of shares that would be outstanding if all possible sources of conversion are exercised. A foreign bank shall be permitted to establish a subsidiary through acquisition of shares of an existing private sector bank provided at least 26 percent of the paid-up capital of the private sector bank is held by residents at all times consistent with para c above. Without approval by the Chinese Government, provision of financial information in China shall be prohibited. As a general rule, there are 人民银行外汇牌价 Peoples Bank of China foreign exchange rate restrictions on extent 老百姓换外汇不得用于境外投资 Foreign exchange by ordinary people shall not be used for overseas investment foreign ownership of export enterprises. Therefore, retail sales outlets may be set up in those States or Union Territories which have agreed, or agree in 外汇 应用 Forex application, to allow foreign investment in MBRT under this policy. Investment by a person resident outside India in an Investment Vehicle. Explanation: Downstream investment by an LLP not owned and not controlled by resident Indian citizens or owned or controlled by persons resident outside India is allowed in an Indian company operating in sectors where foreign investment up to one hundred percent is permitted under automatic route and there are no FDI linked performance conditions. Provided that a person who is a citizen of Bangladesh or Pakistan 外汇存粮权益登记 Foreign exchange grain deposit rights registration is an entity incorporated in Bangladesh or Pakistan cannot purchase equity instruments without the prior government approval:. Landing of overseas satellite channels shall be subject to examination and approval. Mining 4 Investment in exploration, mining, and beneficiation of rare earth, radioactive materials, and tungsten shall be prohibited. The amount deferred can also be either in the form of an indemnity or an Escrow. Such companies would engage only in Business to 如何向境外汇人民币 How to exchange RMB abroad B2B e-commerce and not in retail trading, inter alia implying that existing restrictions on FDI in domestic trading would be applicable to 外汇mt指标 Forex mt indicator as well. Gift or Donation Going abroad for employment Emigration Maintenance of close relatives abroad. FEMA provides a legal framework for the administration of the foreign exchange transactions and various rules and regulation governs the inward and outward remittance to India. If its current business scope changes, is it necessary for it to register that change? Other general foreign invested enterprises -- apart from the ones mentioned above -- must apply for domestic re-investment when they use capital in the original currency for domestic equity investment, they should refer to the operational directives, the relative regulation of Article 1. Email address. This ceiling is also applicable to the State Bank of India. Stay Ahead of the curve in Emerging Asia. B in favour of an overseas bank to secure the credit facilities being extended to such person or a person resident outside India who is the promoter of such Indian company or the overseas group company of such Indian company. Other than a and b above, a person resident outside India, can acquire capital instruments on stock exchange, subject to the condition that the investor has already acquired and continues to hold the control of such company in accordance with SEBI Substantial Acquisition of Shares and Takeover Regulations and subject to conditions specified in Annex I of the Master Direction — Foreign Investment in India. Fields not mentioned in the Negative List for Foreign Investment Access are administered under the principle of equal treatment for domestic and foreign capitals. Investment in breeding genetically modified varieties of crop seeds, livestock and poultry breeds, and aquatic breeds, as well as genetically modified seed seedling production, shall be prohibited. In the era of globalization, it is very common for people to move from one 向国外汇款 Send money abroad to another to live and especially for employment. A Non-resident Indian NRI or an Overseas Citizen of India OCI may purchase or sell equity instruments of a listed Indian company on repatriation basis, on a recognized stock exchange in India, subject to the following conditions, namely The legal representative of a general aviation enterprise shall be a Chinese citizen; the general aviation enterprises serving the agricultural, forestry, and fishery industries shall be limited to the form of equity joint venture; the controlling stake in other general aviation enterprises shall be held by 福汇外汇官网 FXCM Forex Official Website Chinese party. 境外汇款限额 Overseas remittance limit by the Latest Posts. If the company needs to collect the business registration certificate of the previous corresponding foreign exchange registration made at a bank, it must submit the related documents to the bank to collect the business registration certificate. Sourcing from agricultural co-operatives and farmers co-operatives shall also be considered in this category. C the 每年向海外汇款次数限制 Limit on the number of overseas remittances per year auditor has certified that the borrowing company shall utilise or has utilised the proceeds of the external 外汇流出 foreign exchange outflow borrowing for the permitted end-use only. Transfer of equity instruments of an Indian company by or to a person resident outside India. Foreign investors shall not operate, or operate through a disguised lease of Chinese vessels or berths, 外汇牌照 foreign exchange license. Transfer of equity instruments of an Indian company by FPI — A FPI holding equity instruments of an Indian company or units in accordance with these rules, may transfer such equity instruments or units so held by him in compliance with the conditions, if any, prescribed in the respective Schedules of these rules and subject to the terms and conditions prescribed hereunder and as specified by the Securities and Exchange Board of India. Note: Compliance to these rules by the core investment companies is in addition to the compliance of the regulatory framework prescribed to such companies as NBFCs under the Reserve Bank of India Act, and regulations framed thereunder. What is Inward Remittance? Thus, if with 外汇公司 foreign exchange company technology transfer, the objective of this Rules can be achieved, the conditions prescribed at a i above shall be deemed to be fulfilled. Note: An Entity, to whom WT is made, may fulfil any one of the 4 conditions at b i to iv above. It is because the large number of NRIs Non-Indian Resident are living and working overseas and sending money back in India to help out their family, and also NRIs who have chosen to invest in businesses or property in India. If the foreign shareholders want to transfer their equity, do they need to contact the foreign exchange 老百姓换外汇不得用于境外投资 Foreign exchange by ordinary people shall not be used for overseas investment A NRI or an OCI may invest on a non-repatriation basis, by way of contribution to the capital of a firm or a proprietary concern in India provided such firm or proprietary concern is not engaged in any agricultural or plantation activity or print media or real estate business.

老百姓换外汇不得用于境外投资 Foreign exchange by ordinary people shall not be used for overseas investment - right!

Health and Social Work 20 Investment in medical institutions shall be limited to the form of equity joint venture. The payment of LSF is an additional option for regularising reporting delays without undergoing the compounding procedure. The pricing guidelines shall not be applicable for investment by a person resident outside India on non-repatriation basis. A another Indian entity IE which has 老百姓换外汇不得用于境外投资 Foreign exchange by ordinary people shall not be used for overseas investment foreign investment and i the IE is not owned and not controlled by resident Indian citizens or ii is owned or controlled by persons resident outside India; or. Email address. Transfer of securities by other non-resident investors :- The other non-resident investors, holding securities in accordance with these rules, may transfer the securities subject to such terms and conditions prescribed in Schedule V and as specified by the Securities and Exchange Board of India and the Reserve Bank. Please contact the firm for 外汇 应用 Forex application in China at china dezshira. Answer: Downstream investment made in accordance with the guidelines in existence prior to February 13, would not require any modification to conform to these regulations. Investment in postal companies and domestic express mail business shall be prohibited. 外汇白标 Forex White Label in auction companies, cultural relics stores, and state-owned cultural relics museums that engage in 老百姓换外汇不得用于境外投资 Foreign exchange by ordinary people shall not be used for overseas investment auction of cultural relics shall be prohibited. Note: Downstream investment that is treated as indirect foreign investment for the investee entity made in accordance with the guidelines in existence prior to the 13th February, shall not require any modification to conform to these rules and all such investments, after the said date, shall come under the ambit of these rules. Such investment shall be within the relevant regulatory cap as applicable. For the purposes of this clause, provision of services to any vendor on such terms which are not made available to other vendors in similar 香港外汇保证金杠杆要求 Hong Kong foreign exchange margin leverage requirements will be deemed unfair and discriminatory. Repatriation of sale proceeds — 1 A person referred to in sub-section 5 of section 6 of the Act, or his successor shall not, except with the general or specific permission of the Reserve Bank, repatriate outside India the sale proceeds of any immovable property referred to in that sub- section. Transportation, warehousing, and postal industries. Provided also that once the aggregate limit has been increased to a higher threshold, the Indian company cannot reduce the same to a lower threshold:. All areas of investment in which foreign ownership is limited by mandate of Constitution and specific laws. Upcoming Events On Demand library. Please contact the 外汇账户管理软件 Forex Account Management Software for assistance in China at china dezshira. Investment in medical institutions shall be limited to the form of equity joint venture. Mining and mineral separation of titanium bearing minerals and ores, its value addition and integrated activities. Twenty- five per cent of the total consideration amount including share premium, if any shall be received upfront. Foreign investment in Industrial Parks shall not be subject to the conditionalities applicable for construction development projects etc. Foreign-invested enterprises investing in China should comply with relevant provisions of the Negative List for Foreign Investment Access. Answer: An Alternative Investment Fund Category III with foreign investment can make portfolio investment in only those securities or instruments in which an FPI is allowed to invest under the Act, rules or regulations made thereunder. At the time of remittance of money from one country to another i. As a legitimate tool for reasonable tax planning and cost saving, tax incentives play an important role. Mining 3.

Answer: Yes. In order to submit a comment to this post, please 向国外汇款 Send money abroad this code along with your comment: 4f14cad0df22bcda During the initial transitory period of thirty-six 36 months after issuance of the Rules and Regulations to implement this Act, the Transitory Foreign Investment Negative List shall consist of the following:. A the period of such pledge shall be co-terminus with the maturity of the underlying external commercial borrowing. Provided that the marriage has been registered and subsisted for a continuous period of not less than two years immediately preceding the acquisition of such property :. Where domestic companies, enterprises, or natural persons merge or acquire their affiliated domestic 兴业银行境外汇款模板 Industrial Bank overseas remittance template through a company legally established or controlled overseas thereby, the relevant provisions on foreign investment, overseas investment, foreign exchange administration, etc. Investment in companies producing and operating radio and television programs including the introduction of businesses shall be prohibited. As a general rule, there are no restrictions on extent of foreign ownership of export enterprises. Foreign Portfolio 外汇管制 2017 Exchange Control 2017 is any investment made by a person resident outside India in capital instruments where such investment is a less than 10 percent of the post issue paid-up equity capital on a fully diluted basis of a listed Indian company or b less than 10 percent of the paid up value of each series of capital instruments of a listed Indian company. What transactions are included in Schedule III? Answer: Downstream investment is investment made by an Indian entity which has total foreign investment in it 谷歌外汇数据来源 Google Forex Data Source an Investment Vehicle in the capital instruments or the capital, as the case may be, of another Indian entity. Answer: The routes under which foreign investment can be made is as under:. Answer: FDI linked performance conditions are the sector specific conditions stipulated in regulation 16 of FEMA 20 R for companies receiving foreign investment. It is the percentage which defines whether it is direct or portfolio investment. No liability is 老百姓换外汇不得用于境外投资 Foreign exchange by ordinary people shall not be used for overseas investment for the accuracy of the content. The aforementioned settlement funds used for domestic equity investment should be registered as domestic re-investment by the enterprise at a foreign exchange bureau or bank with the opening of the corresponding quasi-settlement account. Name and address of the bank who processed the foreign transaction Details of the Demand Draft DD or Telegraphic Transfer TT number or Cheque number The amount denominated in that foreign currency Amount denominated 外汇交易网站 Forex trading website rupee equivalent both fully written out and using just numerals The Details of the exchange rate that was applied to the transaction The purpose of the remittance. Provided that for sponsors or managers or investment managers organised in a form other than companies or LLPs, Securities and Exchange Board of India shall determine whether the sponsor or manager or investment manager is foreign owned and controlled. 农行外汇牌价 ABC foreign exchange rate for:. Doing Business in China is designed to introduce the fundamentals of investing in China. Newsletter Join our newsletter to stay updated on Taxation and Corporate Law. No subscription charges! During the transitory period as provided in Section 15 hereof, SEC shall disallow registration of the applying non-Philippine national if the existing joint venture. Permission for making investment by a person resident outside India. Transfer, mortgage, and renting of immovable cultural relics and cultural relics prohibited to be brought out of China to foreigners shall be prohibited. Already a subscriber? Investment in various levels of radio stations, television stations, 老百姓换外汇不得用于境外投资 Foreign exchange by ordinary people shall not be used for overseas investment and television channels frequenciesradio and television transmission network transmitter stations, relay stations, radio and television satellites, satellite uplink stations, satellite receiving stations, microwave stations, surveillance stations, and cable radio and television transmission network, etc. Government Route: Foreign investment in activities not covered under the automatic route requires prior approval of the Government.

老百姓换外汇不得用于境外投资 Foreign exchange by ordinary people shall not be used for overseas investment - final, sorry

If the balance of overseas loans exceeds the upper limit due to the adjustment of the bank's net tier 1 capital working capitalleverage ratio of overseas loans or macro Prudential adjustment parameters, the bank shall suspend handling new overseas loan business until the balance of overseas loans is adjusted within the upper limit the notice also mentioned that when handling overseas loan business, domestic banks should abide by national 外汇走势分析 Foreign exchange trend analysis and regulations and the provisions of relevant competent departments, follow the principles of legal compliance, prudent operation and controllable risk, and earnestly do a good job in risk management of overseas loan business; In accordance with the anti money laundering law of the people's Republic of China and other relevant provisions, we should earnestly perform the 老百姓换外汇不得用于境外投资 Foreign exchange by ordinary people shall not be used for overseas investment of anti money laundering, anti terrorist financing and anti tax evasion. Provided that NRIs or OCIs may offer such instruments as permitted by the Reserve Bank from time to time as collateral to the recognised Stock Exchanges in India for their transactions in exchange traded derivative contracts as prescribed in sub-clause 2 of clause 12 of these Rules. Landing of overseas satellite channels shall be subject to examination and approval. Therefore, retail sales outlets may be set up in those States or Union Territories which have agreed, or agree in future, to allow foreign investment in MBRT under this policy. Transfer of equity instruments of an Indian company by or to a person resident outside India. Foreign-invested enterprises investing in China should comply with relevant provisions of the Negative List for Foreign Investment Access. Controlling stake in the construction and operation of nuclear power plants shall be held by the Chinese party. Review us on Google. Upon effectivity of this Act, SEC shall effect registration of any enterprise applying under this 嘉盛外汇出金 Jiasheng foreign exchange withdrawal within fifteen 15 days upon submission of completed requirements. D subject to the authorised dealer bank satisfying itself of the compliance of the conditions stipulated by the Reserve Bank in this regard. Mining 4 Investment in exploration, mining, and beneficiation of rare earth, radioactive materials, and tungsten shall be prohibited. The scheme of LRS has been revised from time to time to and the limit has been revised in stages consistent with prevailing macro and micro-economic conditions. What is FIRC in case inward remittance? Foreign Investment in India Updated as on May 07, These FAQs attempt to put in place the common queries that users have on the subject in an easy to understand language. The content including but not limited to text, photo, multimedia information, etc published in this site belongs to www. There are two types of different routes offered by the RBI Reserve Bank of India to send money back to India from overseas — Rupee Drawing Arrangement RDA There is no cap to the amount of money that can be transferred for personal transactions under the RDA route but there is a limit in case of business transfer. Foreign Portfolio Investment is any investment made by a person resident outside India in capital instruments where such investment is a less than 10 percent of the post issue paid-up equity capital on a fully diluted basis of a listed Indian company or b less than 10 percent of the paid up value of each series of capital instruments of a listed Indian company. Domestic and foreign investors shall uniformly apply the relevant provisions of the Negative List for Market Access. Scientific Research and Technical Services. Investment in research and development, cultivation, and plantation of Chinese rare and unique precious fine varieties, as well as manufacturing of the relevant propagative materials including excellent genes of planting, husbandry, and aquacultureshall be prohibited. The term foreign inward remittance refers to money sent into an account by someone from abroad. Provided that a person who is a citizen of Bangladesh or Pakistan or is an entity incorporated in Bangladesh or Pakistan cannot purchase equity instruments without the prior government approval:. Of these, the highest level of production in any of these three years shall be taken as the level. Q: Are foreign-invested enterprises permitted to use their own capital to invest in another domestic enterprise? Both options are available to the applicant for the transactions undertaken on or after November 7, Repealing Clause. Investment in radio and television program production and operation 农行外汇牌价 ABC foreign exchange rate introduction of business enterprises shall be prohibited. Answer: Yes, subject to conditions laid down in para 7. Such investment shall be within the relevant regulatory cap as applicable.

Provided that the Reserve Bank may, on an application made to it and for sufficient reasons and in consultation with the Central Government, permit an Indian entity or an investment vehicle, or a venture capital fund or a firm or an association of persons or a proprietary concern to receive any investment in India from a person resident outside India or to record such 个人外汇限额 Personal foreign exchange limit subject to such conditions as may be considered necessary. Foreign education institutions, other organizations, or individuals shall not solely establish schools or any other educational institutions whose enrolment targets are mainly Chinese citizens excluding non-academic vocational training institutions, and academic vocational training institutes ; however, foreign educational institutions may cooperate with a Chinese 外汇 通 institution to jointly establish educational institutions whose enrolment targets are mainly Chinese citizens. Further, transfer of stake from a person resident outside India to another person resident outside India, without repatriation of foreign 中国工商银行境外汇款申请书pdf ICBC Overseas Remittance Application Form pdf will neither be subject to any lock-in period nor to 国家外汇管理局 海外“ ”投资“ State Administration of Foreign Exchange Overseas Investment government approval. The above mentioned conditions shall, therefore, not be applicable to greenfield as well as brownfield projects of this industry. Without written authorization from www. As a general rule, there are no restrictions on extent of foreign ownership of export enterprises. Investment in editing, publishing, and production of books, newspapers, periodicals, audio-visual products, and electronic publications shall be prohibited. However, subject to approval by the Chinese Government, and provided that the Chinese cooperative party holds the operating dominance rights and the rights to the final examination of the content and that the parties satisfy other criteria such as compliant with approval reply of the Chinese Government, a Sino-foreign publisher may engage in Sino-foreign cooperative news publishing projects. Name and address of the bank who processed the foreign transaction Details of the Demand Draft DD or Telegraphic Transfer TT number or Cheque number The amount denominated in that foreign currency Amount denominated in rupee equivalent both fully written out and using just numerals The Details of the exchange rate that was applied to the transaction The purpose of the remittance. A: After approval has been obtained from the commercial authorities, an equity transfer of the foreign-invested enterprise can 张伯伦外号汇总 Chamberlain nickname summary dealt with directly at the bank where registration was made originally. Our subscription service offers regular regulatory updates, including the most recent legal, tax and accounting changes that affect your business. Thus, if with the technology transfer, the objective of this Rules can be achieved, the conditions prescribed at a i above shall be deemed to be fulfilled. Prohibition on transfer of immovable property in India — 1 Save as otherwise provided in the Act or rules, no person resident outside India shall transfer any immovable property in India:. Telecom services including Telecom Infrastructure Providers Category-l. According to the provisions of Notice No. Around the municipal or urban agglomeration limits of such cities; retail locations shall be restricted to conforming areas as per the Master or Zonal Plans of the concerned cities and provision shall be made for requisite facilities such as transport connectivity and parking. Email address. Twenty- five per cent of the total consideration amount including share premium, if any shall be received upfront. In the case the transferee already owns urban or rural land for business or other purposes, he shall still be entitled to be a transferee of additional urban or rural land for business or other purposes which when added to those already owned by him shall not exceed the maximum areas herein authorized. Foreign investors shall not operate, or operate through a disguised lease of Chinese vessels or berths, etc. Upcoming Events On Demand library. It is because the large number of NRIs Non-Indian Resident 老百姓换外汇不得用于境外投资 Foreign exchange by ordinary people shall not be used for overseas investment living and working overseas and sending money back in India to help out their family, and also NRIs who have chosen to invest in businesses or property 境外汇款限额 Overseas remittance limit India.