TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Mutual funds get separate regulation 6C for overseas investments in shares and bonds</h1> The Reserve Bank of India amended the Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2004, effective July 26, 2006. The amendment removes mutual funds from general investment provisions under regulation 6B and creates a separate regulation 6C specifically for mutual fund investments. Mutual funds registered with SEBI may now invest in overseas company shares, rated bonds, fixed income securities, and exchange traded funds listed on recognized stock exchanges, subject to specified limits. All mutual fund foreign security transactions must be routed through designated branches of authorized dealers in India.
TaxTMI 
TaxTMI 
