Financial Commitment
Legal definition for Indian law research
Definition
Financial commitment, means the amount o direct investment by way of contribution to equity and loan and 50 per cent of the amount of guarantees issued by an Indian party to or on behalf of its overseas Joint Venture Company or Wholly Owned Subsidiary. [Foreign Exchange Management (Tran-sfer or Issue of Any Foreign Security) Regulations, 2000, Reg. 2 (f)]
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.