Overseas investment rules regulate cross border holdings by trusts, funds and banks, requiring approvals and compliance with RBI and SEBI limits. Overseas investment rules permit registered trusts and societies in education or hospital sectors to make Overseas Direct Investment with Reserve Bank approval subject to sectoral alignment, three years' existence, governing instrument and internal approvals, and required licences. SEBI registered mutual funds, venture capital funds and Alternative Investment Funds may acquire foreign securities as Overseas Portfolio Investment through authorised dealer banks under Reserve Bank and SEBI limits and guidelines. SEBI approved clearing corporations, domestic depositories, and authorised dealer banks have specified permissions to hold, transfer, demat and repatriate foreign securities under applicable regulations.
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 rules regulate cross border holdings by trusts, funds and banks, requiring approvals and compliance with RBI and SEBI limits.
Overseas investment rules permit registered trusts and societies in education or hospital sectors to make Overseas Direct Investment with Reserve Bank approval subject to sectoral alignment, three years' existence, governing instrument and internal approvals, and required licences. SEBI registered mutual funds, venture capital funds and Alternative Investment Funds may acquire foreign securities as Overseas Portfolio Investment through authorised dealer banks under Reserve Bank and SEBI limits and guidelines. SEBI approved clearing corporations, domestic depositories, and authorised dealer banks have specified permissions to hold, transfer, demat and repatriate foreign securities under applicable regulations.
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