https://www.taxtmi.com/acts?id=20109 Persons resident outside India, including RFPIs and NRIs, may invest in Investment Vehicle units subject to Schedule 11; payment must be by inward remittance (including NRE/FCNR accounts) and units may be sold, transferred or redeemed per SEBI or RBI rules. Downstream investment is treated as foreign investment if the Sponsor, Manager, or Investment Manager is not Indian owned and controlled, irrespective of the extent of foreign capital in the vehicle. Such downstream foreign investment must comply with applicable sectoral caps, LLP rules, and reporting requirements to RBI or SEBI; AIF Category III with foreign investment is limited to RFPI-eligible instruments. en-us Mon, 23 Nov 2015 13:55:52 +0530 Wed, 25 Jun 2025 11:28:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20109 Persons resident outside India, including RFPIs and NRIs, may invest in Investment Vehicle units subject to Schedule 11; payment must be by inward remittance (including NRE/FCNR accounts) and units may be sold, transferred or redeemed per SEBI or RBI rules. Downstream investment is treated as foreign investment if the Sponsor, Manager, or Investment Manager is not Indian owned and controlled, irrespective of the extent of foreign capital in the vehicle. Such downstream foreign investment must comply with applicable sectoral caps, LLP rules, and reporting requirements to RBI or SEBI; AIF Category III with foreign investment is limited to RFPI-eligible instruments. Act-Rules FEMA Mon, 23 Nov 2015 13:55:52 +0530 https://www.taxtmi.com/acts?id=20109