https://www.taxtmi.com/acts?id=2401 Permission for direct investment in equity of overseas companies is available to resident individuals, listed Indian companies, and mutual funds where the overseas company is listed and holds a qualifying ownership interest in a listed Indian company. Listed Indian companies' investments are limited by a cap tied to their latest audited net worth; mutual fund investments are subject to regulator-prescribed ceilings. All transactions must be routed through the designated branch of an authorised dealer in India. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 25 Jun 2025 14:28:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2401 Permission for direct investment in equity of overseas companies is available to resident individuals, listed Indian companies, and mutual funds where the overseas company is listed and holds a qualifying ownership interest in a listed Indian company. Listed Indian companies' investments are limited by a cap tied to their latest audited net worth; mutual fund investments are subject to regulator-prescribed ceilings. All transactions must be routed through the designated branch of an authorised dealer in India. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2401