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Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


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<h1>SEBI Sets New Guidelines for AIFs and VCFs on Overseas Investments, Emphasizes Compliance with International Agreements and Reporting Rules.</h1> The Securities and Exchange Board of India (SEBI) issued guidelines for overseas investments by Alternative Investment Funds (AIFs) and Venture Capital Funds (VCFs). AIFs/VCFs must apply to SEBI for an overseas investment limit and can invest in companies from countries whose regulators are signatories to specific international agreements. Investments in countries identified by the Financial Action Task Force as having deficiencies in anti-money laundering or terrorism financing measures are prohibited. Upon liquidation of overseas investments, funds can be reinvested. AIFs/VCFs must report investment and divestment details to SEBI promptly. Compliance with Foreign Exchange Management Act guidelines is required.