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        FEMA

        SCHEDULE I - Regulation 17B

        Foreign Exchange Management (Transfer Or Issue of Any Foreign Security) Regulations, 2000

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        Investment abroad without prior approval: registered partnership firms may invest in specified professional services overseas under FEMA regulations. Registered partnership firms may invest abroad without prior Reserve Bank approval for specified professional services under Regulation 17B, namely Chartered Accountancy; Legal Practice and Related Services; Information Technology and Entertainment Software Related Services; and Medical and Healthcare Services. The Schedule setting out these eligible services has been superseded by a later notification.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Investment abroad without prior approval: registered partnership firms may invest in specified professional services overseas under FEMA regulations.

                                Registered partnership firms may invest abroad without prior Reserve Bank approval for specified professional services under Regulation 17B, namely Chartered Accountancy; Legal Practice and Related Services; Information Technology and Entertainment Software Related Services; and Medical and Healthcare Services. The Schedule setting out these eligible services has been superseded by a later notification.


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