https://www.taxtmi.com/notifications?id=14196 Definitions for Trust and Society are inserted and Regulation 9A permits registered trusts and societies in the manufacturing, educational (and entities with hospitals) sectors to invest overseas in joint ventures or wholly owned subsidiaries in the same sector(s) with prior Reserve Bank approval. Schedule III sets criteria: registration, governing instrument and trustee/governing body approval, Authorised Dealer bank confirmation of KYC and bonafide activity, minimum three years' existence, no adverse enforcement notice, and required special licences where applicable. Regulation 11's proviso is amended to refer to the "prescribed period of realization." en-us Wed, 01 Oct 2008 00:00:00 +0530 Thu, 06 Nov 2008 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=14196 Definitions for Trust and Society are inserted and Regulation 9A permits registered trusts and societies in the manufacturing, educational (and entities with hospitals) sectors to invest overseas in joint ventures or wholly owned subsidiaries in the same sector(s) with prior Reserve Bank approval. Schedule III sets criteria: registration, governing instrument and trustee/governing body approval, Authorised Dealer bank confirmation of KYC and bonafide activity, minimum three years' existence, no adverse enforcement notice, and required special licences where applicable. Regulation 11's proviso is amended to refer to the "prescribed period of realization." Notifications FEMA Wed, 01 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/notifications?id=14196