Direct investment in overseas equity permitted for resident individuals, listed companies and mutual funds subject to ownership and routing conditions. Adds Regulation 6A permitting resident individuals, listed Indian companies and registered mutual funds to invest in shares of listed overseas companies that hold a minimum shareholding in any listed Indian company, subject to limits-listed Indian companies capped by a percentage of their latest audited net worth and mutual funds governed by securities regulator ceilings-and requiring all purchase and sale transactions to be routed through the designated branch of an authorised dealer in India.
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.
Direct investment in overseas equity permitted for resident individuals, listed companies and mutual funds subject to ownership and routing conditions.
Adds Regulation 6A permitting resident individuals, listed Indian companies and registered mutual funds to invest in shares of listed overseas companies that hold a minimum shareholding in any listed Indian company, subject to limits-listed Indian companies capped by a percentage of their latest audited net worth and mutual funds governed by securities regulator ceilings-and requiring all purchase and sale transactions to be routed through the designated branch of an authorised dealer in India.
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