https://www.taxtmi.com/acts?id=2093 Indian parties in the financial services sector may invest abroad subject to Part I, provided they have earned net profit in the preceding three financial years from financial services activities, are registered with the Indian regulatory authority, have obtained required approvals in India and abroad for the activity, and have met prescribed prudential capital adequacy norms; additional investments by an existing JV/WOS or its step-down company must similarly comply with these conditions. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 20 Jun 2025 10:47:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2093 Indian parties in the financial services sector may invest abroad subject to Part I, provided they have earned net profit in the preceding three financial years from financial services activities, are registered with the Indian regulatory authority, have obtained required approvals in India and abroad for the activity, and have met prescribed prudential capital adequacy norms; additional investments by an existing JV/WOS or its step-down company must similarly comply with these conditions. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2093