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of <h1>Overseas Investment in International Financial Services Centre Allowed with Regulatory Approvals and Specific Conditions</h1> A person resident in India may make overseas investment in an International Financial Services Centre (IFSC) within specified limits. Investments can be made through various schedules with specific conditions. Approvals by financial regulators must be decided within 45 days. Indian entities can invest in financial service entities in IFSC, even without meeting net profit conditions. Resident individuals can make overseas direct investments in financial service entities under certain restrictions. A recognized stock exchange in IFSC is treated as an exchange outside India.
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