Overseas investment in IFSC permits eligible resident investors, deemed approval, fund contributions, and specified financial-services investments. Persons resident in India may make overseas investment in an IFSC through permitted overseas direct investment or overseas portfolio investment modes. ... Summary
Overseas investment in IFSC permits eligible resident investors, deemed approval, fund contributions, and specified financial-services investments.
Persons resident in India may make overseas investment in an IFSC through permitted overseas direct investment or overseas portfolio investment modes. Regulatory approval for overseas direct investment must be decided within forty-five days of a complete application, failing which it is deemed approved. Eligible Indian entities may invest in specified IFSC financial-services entities despite not meeting the net-profit condition. Resident individuals may invest in eligible controlled IFSC entities without subsidiaries outside the IFSC. Contributions to IFSC investment funds or vehicles may be made as overseas portfolio investment.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.