Overseas investment exemptions exclude specified IFSC investments and transfers funded through resident foreign currency or eligible overseas resources. Specified overseas investments and related acquisitions or transfers are excluded from the Overseas Investment Rules and Regulations. The exclusion covers ... Summary
International Financial Services Centres Authority Act, 2019
Overseas investment exemptions exclude specified IFSC investments and transfers funded through resident foreign currency or eligible overseas resources.
Specified overseas investments and related acquisitions or transfers are excluded from the Overseas Investment Rules and Regulations. The exclusion covers investments outside India by financial institutions in an International Financial Services Centre; investments acquired or transferred from a Resident Foreign Currency Account; investments funded through foreign-currency resources held outside India by persons employed in India for a specified duration, job or assignment not exceeding three years; and investments made in accordance with section 6(4) of the Foreign Exchange Management Act.
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