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of <h1>Amendments Clarify Overseas Portfolio Investments: Indian Entities Can Invest in Regulated Overseas Funds, Including Sponsor Contributions, Under FEMA 1999.</h1> The circular addresses amendments to the Foreign Exchange Management (Overseas Investment) Directions, 2022, regarding investments in overseas funds. It clarifies that investments, including sponsor contributions in units or any instruments from regulated overseas investment funds, are considered Overseas Portfolio Investments (OPI). The amendments allow listed Indian companies, resident individuals, and unlisted Indian entities to invest in such funds, particularly in International Financial Services Centres (IFSCs), subject to applicable limits. The changes are made under the Foreign Exchange Management Act, 1999, and authorized dealer banks are instructed to inform their clients of these updates.
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