Erstwhile Overseas Corporate Body
Erstwhile Overseas Corporate Body’(OCB)
means a company, partnership firm, society and other corporate body owned directly or indirectly to the extent of at least sixty percent by non-resident Indians and includes overseas trust in which not less than sixty percent beneficial interest is held by non-resident Indians directly or indirectly but irrevocably and which was in existence on the date of commencement of the Foreign Exchange Management (Withdrawal of General Permission to
Overseas Corporate Bodies (OCBs) ) Regulations, 2003
(the Regulations) and immediately prior to such commencement was eligible t
Get the latest updates & Offers right in your inbox.
Copyright © 2015 by CS NOTES HOME