Overseas Corporate Body definitions determine eligible existing investments, accounts, deposits and entities following withdrawal of general permission. Definitions governing withdrawal of general permission to Overseas Corporate Bodies identify account categories, deposits, existing accounts, existing ... Summary
Overseas Corporate Body definitions determine eligible existing investments, accounts, deposits and entities following withdrawal of general permission.
Definitions governing withdrawal of general permission to Overseas Corporate Bodies identify account categories, deposits, existing accounts, existing investments and Overseas Corporate Bodies. Existing investments comprise investments made under earlier general permission, subject to specified holding requirements for Portfolio Investment Scheme and other investments. An Overseas Corporate Body must fall within the referenced definition, exist at commencement and have been immediately eligible to transact under general permission. Accounts include NRE, FCNR-B and NRO schemes, and deposits cover money placed with banks, companies, firms, corporate bodies, trusts and other persons.
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