TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>RBI Raises Overseas Investment Limit for Mutual Funds from $3 Billion to $4 Billion Under FEMA 1999 Guidelines.</h1> The circular issued by the Reserve Bank of India informs Category-I Authorized Dealer banks about the liberalization of overseas investment by mutual funds. The aggregate ceiling for such investments has been increased from USD 3 billion to USD 4 billion, effective immediately. These investments must comply with the terms, conditions, and operational guidelines set by SEBI. Monthly reporting to the Reserve Bank for statistical purposes remains mandatory. The circular's directives are issued under the Foreign Exchange Management Act 1999, without affecting any other legal permissions or approvals required. Banks are advised to inform their customers about these changes.
TaxTMI 
TaxTMI 
