Overseas investment in IFSC allows resident Indians regulated ODI and OPI under FEMA with prescribed approvals and reporting obligations. Overseas investment by residents in India into an IFSC is permitted under the Overseas Investment Rules and Schedule V as ODI or OPI, including sponsor contributions and instruments of IFSC funds. Regulatory approvals vary by activity: approvals for ODI in IFSC entities engaged in financial services are subject to decision within a statutory period or deemed approval; resident individuals may invest in financial services entities in IFSC except banking and insurance, with controls on acquiring subsidiaries outside IFSC. Profitability relaxations and regulator-specific conditions for banks and NBFCs apply; an IFSC recognised exchange is treated as outside India for these rules.
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 in IFSC allows resident Indians regulated ODI and OPI under FEMA with prescribed approvals and reporting obligations.
Overseas investment by residents in India into an IFSC is permitted under the Overseas Investment Rules and Schedule V as ODI or OPI, including sponsor contributions and instruments of IFSC funds. Regulatory approvals vary by activity: approvals for ODI in IFSC entities engaged in financial services are subject to decision within a statutory period or deemed approval; resident individuals may invest in financial services entities in IFSC except banking and insurance, with controls on acquiring subsidiaries outside IFSC. Profitability relaxations and regulator-specific conditions for banks and NBFCs apply; an IFSC recognised exchange is treated as outside India for these rules.
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