Overseas investment rules: Prior Reserve Bank approval and specific compliance required for ODI, OPI and depository transactions. Registered trusts and societies in education or healthcare may make ODI in foreign entities in the same sector with prior Reserve Bank approval and meeting conditions on existence, constituent documents, internal approvals and licences. Mutual funds, venture capital funds and alternative investment funds may acquire or transfer foreign securities subject to SEBI and Reserve Bank terms, with transactions routed through designated authorised dealer banks and treated as OPI. SEBI approved clearing corporations may maintain foreign demat accounts for collateral securities; domestic depositories may hold foreign securities to issue Indian Depository Receipts; AD banks may transact foreign securities per host jurisdiction rules.
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.
Overseas investment rules: Prior Reserve Bank approval and specific compliance required for ODI, OPI and depository transactions.
Registered trusts and societies in education or healthcare may make ODI in foreign entities in the same sector with prior Reserve Bank approval and meeting conditions on existence, constituent documents, internal approvals and licences. Mutual funds, venture capital funds and alternative investment funds may acquire or transfer foreign securities subject to SEBI and Reserve Bank terms, with transactions routed through designated authorised dealer banks and treated as OPI. SEBI approved clearing corporations may maintain foreign demat accounts for collateral securities; domestic depositories may hold foreign securities to issue Indian Depository Receipts; AD banks may transact foreign securities per host jurisdiction rules.
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