https://www.taxtmi.com/circulars?id=1955 Residents may invest in equity of foreign companies listed on recognised exchanges where those companies hold at least ten per cent in an Indian listed company; corporates' investments are limited by a ceiling tied to net worth, individuals may invest without monetary limit, and mutual funds may invest subject to enhanced overall external limits and prior regulatory permissions. All transactions must be routed through authorised dealers, who must verify conditions, retain investor and investment details, and submit monthly remittance and net investment reports to the Reserve Bank. en-us Mon, 13 Jan 2003 00:00:00 +0530 Mon, 06 Oct 2008 14:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1955 Residents may invest in equity of foreign companies listed on recognised exchanges where those companies hold at least ten per cent in an Indian listed company; corporates' investments are limited by a ceiling tied to net worth, individuals may invest without monetary limit, and mutual funds may invest subject to enhanced overall external limits and prior regulatory permissions. All transactions must be routed through authorised dealers, who must verify conditions, retain investor and investment details, and submit monthly remittance and net investment reports to the Reserve Bank. Circulars FEMA Mon, 13 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1955