What about if one Indian promoter has more than one JV in either the same country or in different countries?

A. The Indian promoters are free to designate different branches of the same Authorised Dealer or different branches of different Authorised Dealers for their separate JVs/WOSs. The only requirement is that regardless of the number of promoters, one JV/WOS will have only one ‘designated Authorsied Dealer’ to report all its transactions