https://www.taxtmi.com/circulars?id=1987 Indian corporates and resident individuals are permitted to invest in equity of listed foreign companies holding at least ten percent in Indian listed firms and, additionally, in rated bonds and fixed income securities subject to specified credit ratings and applicable ceilings. Indian mutual funds with SEBI approval are granted general permission to invest in ADRs/GDRs and rated instruments without separate Reserve Bank approval; monthly reporting obligations to the Reserve Bank remain in force and regulatory amendments to FEMA 2000 will be issued. en-us Tue, 29 Apr 2003 00:00:00 +0530 Mon, 06 Oct 2008 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1987 Indian corporates and resident individuals are permitted to invest in equity of listed foreign companies holding at least ten percent in Indian listed firms and, additionally, in rated bonds and fixed income securities subject to specified credit ratings and applicable ceilings. Indian mutual funds with SEBI approval are granted general permission to invest in ADRs/GDRs and rated instruments without separate Reserve Bank approval; monthly reporting obligations to the Reserve Bank remain in force and regulatory amendments to FEMA 2000 will be issued. Circulars FEMA Tue, 29 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1987