https://www.taxtmi.com/acts?id=37939 Persons and entities resident outside India (with specified nationality exclusions) may invest in units of investment vehicles; such units may be sold, transferred, or redeemed under SEBI regulations and RBI directions. Investment vehicles may issue units against swaps of SPV equity. Downstream investment by an investment vehicle into Indian entities is deemed indirect foreign investment where the sponsor, manager, or investment manager is foreign owned or controlled, with SEBI determining control for non-company forms and residency of individual sponsors or managers determining domestic treatment. AIF Category III with foreign investment is limited to securities permitted for FPIs. RBI will prescribe remittance modalities for proceeds. en-us Sat, 19 Oct 2019 16:37:45 +0530 Sat, 28 Jun 2025 12:28:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37939 Persons and entities resident outside India (with specified nationality exclusions) may invest in units of investment vehicles; such units may be sold, transferred, or redeemed under SEBI regulations and RBI directions. Investment vehicles may issue units against swaps of SPV equity. Downstream investment by an investment vehicle into Indian entities is deemed indirect foreign investment where the sponsor, manager, or investment manager is foreign owned or controlled, with SEBI determining control for non-company forms and residency of individual sponsors or managers determining domestic treatment. AIF Category III with foreign investment is limited to securities permitted for FPIs. RBI will prescribe remittance modalities for proceeds. Act-Rules FEMA Sat, 19 Oct 2019 16:37:45 +0530 https://www.taxtmi.com/acts?id=37939