https://www.taxtmi.com/circulars?id=58021 SEBI permits VCFs and AIFs to invest in foreign companies with an Indian connection subject to quantitative overseas limits, prohibition on using joint ventures or wholly owned subsidiaries for such investments, and mandatory compliance with FEMA and RBI guidelines; proposals for overseas investments must be submitted to SEBI for prior approval and allocations will be managed on a first come, first served basis. en-us Thu, 01 Oct 2015 00:00:00 +0530 Wed, 05 Dec 2018 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58021 SEBI permits VCFs and AIFs to invest in foreign companies with an Indian connection subject to quantitative overseas limits, prohibition on using joint ventures or wholly owned subsidiaries for such investments, and mandatory compliance with FEMA and RBI guidelines; proposals for overseas investments must be submitted to SEBI for prior approval and allocations will be managed on a first come, first served basis. Circulars SEBI Thu, 01 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58021