https://www.taxtmi.com/acts?id=2402 Investment in the financial services sector permits an Indian party to invest in an overseas financial services entity provided it satisfies four conditions: earned net profit from financial services in the preceding three financial years; is registered with the appropriate Indian regulatory authority for those activities; meets the minimum net worth shown in its last audited balance sheet; and has fulfilled prudential norms relating to capital adequacy prescribed by the concerned Indian regulatory authority. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 25 Jun 2025 13:01:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2402 Investment in the financial services sector permits an Indian party to invest in an overseas financial services entity provided it satisfies four conditions: earned net profit from financial services in the preceding three financial years; is registered with the appropriate Indian regulatory authority for those activities; meets the minimum net worth shown in its last audited balance sheet; and has fulfilled prudential norms relating to capital adequacy prescribed by the concerned Indian regulatory authority. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2402