Investment by Indian financial services entities abroad allowed subject to profit, registration, regulatory approvals and capital adequacy compliance. The amendment to Regulation 7(1) permits an Indian party in the financial services sector to invest abroad provided it has earned net profit in the preceding three financial years from such activities, is registered with the Indian regulatory authority, has obtained approvals from concerned regulatory authorities in India and abroad for the activity, and has complied with prudential capital adequacy norms prescribed by the Indian regulator.
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.
Investment by Indian financial services entities abroad allowed subject to profit, registration, regulatory approvals and capital adequacy compliance.
The amendment to Regulation 7(1) permits an Indian party in the financial services sector to invest abroad provided it has earned net profit in the preceding three financial years from such activities, is registered with the Indian regulatory authority, has obtained approvals from concerned regulatory authorities in India and abroad for the activity, and has complied with prudential capital adequacy norms prescribed by the Indian regulator.
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