TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Foreign investors must follow FEMA Schedule 11 rules for investment vehicles with downstream investments classified by sponsor control</h1> Schedule 11 of FEMA regulations governs foreign investment in investment vehicles by non-resident persons including registered foreign portfolio investors and non-resident individuals. Investment payments must be made through normal banking channels or designated accounts. Foreign investors can sell, transfer, or redeem units per regulatory guidelines. Downstream investments are classified as foreign investment based on ownership and control of sponsors, managers, or investment managers rather than the extent of foreign investment in the corpus. Such downstream investments must comply with sectoral caps and FDI policy restrictions applicable to target companies or limited liability partnerships.
TaxTMI 
