https://www.taxtmi.com/acts?id=37939 Foreign investment in Investment Vehicle units is permitted, subject to exclusions for citizens and entities of Pakistan or Bangladesh. Units may be sold, transferred or redeemed under applicable securities-market regulations or central-bank directions, and may be issued against a swap of Special Purpose Vehicle equity instruments. Downstream investment is indirect foreign investment where the Sponsor, Manager or Investment Manager is foreign owned or controlled, or is not owned and controlled by resident Indian citizens. Foreign-invested Category III Alternative Investment Funds may invest only in instruments available to foreign portfolio investors. en-us Sat, 19 Oct 2019 16:37:45 +0530 Tue, 01 Sep 2026 14:09:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37939 Foreign investment in Investment Vehicle units is permitted, subject to exclusions for citizens and entities of Pakistan or Bangladesh. Units may be sold, transferred or redeemed under applicable securities-market regulations or central-bank directions, and may be issued against a swap of Special Purpose Vehicle equity instruments. Downstream investment is indirect foreign investment where the Sponsor, Manager or Investment Manager is foreign owned or controlled, or is not owned and controlled by resident Indian citizens. Foreign-invested Category III Alternative Investment Funds may invest only in instruments available to foreign portfolio investors. Act-Rules FEMA Sat, 19 Oct 2019 16:37:45 +0530 https://www.taxtmi.com/acts?id=37939