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Overseas investment restrictions: investments allowed only in bona fide business entities, with prior governmental approval for specified jurisdictions. Rule 9 permits overseas investment by residents only in foreign entities engaged in a bonafide business activity, directly or through step down subsidiaries or special purpose vehicles, subject to limits and structural requirements; transfers involving entities in specified jurisdictions require prior governmental approval. Regulators may allow commitments beyond limits on application, and may prescribe annual outflow ceilings and approval thresholds.
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.
<h1>Overseas investment restrictions: investments allowed only in bona fide business entities, with prior governmental approval for specified jurisdictions.</h1> Rule 9 permits overseas investment by residents only in foreign entities engaged in a bonafide business activity, directly or through step down subsidiaries or special purpose vehicles, subject to limits and structural requirements; transfers involving entities in specified jurisdictions require prior governmental approval. Regulators may allow commitments beyond limits on application, and may prescribe annual outflow ceilings and approval thresholds.
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