Overseas investment liberalisation: permission for Indian corporates, individuals and mutual funds to invest in rated foreign securities. Indian corporates and resident individuals are permitted to invest in equity of listed foreign companies holding at least ten percent in Indian listed firms and, additionally, in rated bonds and fixed income securities subject to specified credit ratings and applicable ceilings. Indian mutual funds with SEBI approval are granted general permission to invest in ADRs/GDRs and rated instruments without separate Reserve Bank approval; monthly reporting obligations to the Reserve Bank remain in force and regulatory amendments to FEMA 2000 will be issued.
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 liberalisation: permission for Indian corporates, individuals and mutual funds to invest in rated foreign securities.
Indian corporates and resident individuals are permitted to invest in equity of listed foreign companies holding at least ten percent in Indian listed firms and, additionally, in rated bonds and fixed income securities subject to specified credit ratings and applicable ceilings. Indian mutual funds with SEBI approval are granted general permission to invest in ADRs/GDRs and rated instruments without separate Reserve Bank approval; monthly reporting obligations to the Reserve Bank remain in force and regulatory amendments to FEMA 2000 will be issued.
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