https://www.taxtmi.com/circulars?id=2030 AMCs may issue units, remit dividends and redeem units of off shore funds for overseas investors once SEBI approval for launch is obtained, without separate prior RBI approval, subject to quarter end reporting to the Reserve Bank in the prescribed format covering SEBI approval details, authorised amount, units issued and outstanding, inflows and repatriations in USD, dividends remitted, units redeemed, fund value and NAV, and management fees/expenses reimbursed. en-us Fri, 14 Nov 2003 00:00:00 +0530 Sat, 04 Oct 2008 10:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2030 AMCs may issue units, remit dividends and redeem units of off shore funds for overseas investors once SEBI approval for launch is obtained, without separate prior RBI approval, subject to quarter end reporting to the Reserve Bank in the prescribed format covering SEBI approval details, authorised amount, units issued and outstanding, inflows and repatriations in USD, dividends remitted, units redeemed, fund value and NAV, and management fees/expenses reimbursed. Circulars FEMA Fri, 14 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2030