Overseas investment eligibility for registered trusts and societies requires registration, KYC compliance, governance approval, and no adverse notice. Eligible trusts must be registered under the Indian Trust Act with deed and trustee approval, satisfy the Authorised Dealer bank on KYC compliance and bona fides, have existed three years, and not be under adverse regulatory notice; eligible societies must be registered under the Societies Registration Act with governing body approval, permitted by memorandum and rules, satisfy the Authorised Dealer bank on KYC compliance and bona fides, have existed three years, and not be under adverse regulatory notice, and any required special licence must be obtained.
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Provisions expressly mentioned in the judgment/order text.
Overseas investment eligibility for registered trusts and societies requires registration, KYC compliance, governance approval, and no adverse notice.
Eligible trusts must be registered under the Indian Trust Act with deed and trustee approval, satisfy the Authorised Dealer bank on KYC compliance and bona fides, have existed three years, and not be under adverse regulatory notice; eligible societies must be registered under the Societies Registration Act with governing body approval, permitted by memorandum and rules, satisfy the Authorised Dealer bank on KYC compliance and bona fides, have existed three years, and not be under adverse regulatory notice, and any required special licence must be obtained.
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