wos in A Sentence

    1

    Wos should not have published these pictures.

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    2

    The JV/ Wos.

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    3

    Wos noted that“They wanted to see me suffer, so I had to eat 20 chocolate eggs.”.

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    4

    Subsequent investments in the same JV/ Wos can be made only after allotment of the UIN.

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    5

    All the operations of the Wos/JV abroad shall be subject to regulatory prescriptions of the host country.

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    6

    Today there are nearly 1400 Wos in the IA(approx 3% of the total authorised strength of officers).

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    7

    In case the JV/Wos is being set up abroad by two or more Indian promoters, then all Indian promoters collectively called the Indian party and the Resident Individual, would be required to route all transactions in respect of that JV/Wos only through one‘designated Authorised Dealer'.

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    8

    In its guidelines, the RBI had pointed out that the Wos model for foreign banks in India would involve local incorporation, a local board of directors, and a ring-fenced capital and assets profile that would not be affected by the impact of global events on its parent.

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    9

    RBI has sanctioned the Scheme of amalgamation of the entire undertaking of SBM Bank(Mauritius) Limited, India with SBM Bank(India) Limited which has been granted licence by the Reserve Bank to carry on the business of banking in India through Wholly Owned Subsidiary(Wos) mode under the Banking Regulation Act, 1949.

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    10

    Answer: Yes, the Indian party is permitted to issue performance guarantee and 50 per cent of the amount of the performance guarantees will be reckoned for the purpose of computing financial commitment to its JV/Wos overseas which should be within the limit prescribed by the Reserve Bank from time to time.

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