https://www.taxtmi.com/circulars?id=64810 Sponsor contributions by an Indian Party to an Alternative Investment Fund established in an overseas jurisdiction, including in an International Financial Services Centre, are to be treated as Overseas Direct Investment and may be undertaken under the automatic route provided the sponsor complies with Regulation 7 of the relevant FEMA notification; other provisions of the notification remain unchanged and the Master Direction will be updated accordingly. en-us Wed, 12 May 2021 00:00:00 +0530 Thu, 13 May 2021 09:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64810 Sponsor contributions by an Indian Party to an Alternative Investment Fund established in an overseas jurisdiction, including in an International Financial Services Centre, are to be treated as Overseas Direct Investment and may be undertaken under the automatic route provided the sponsor complies with Regulation 7 of the relevant FEMA notification; other provisions of the notification remain unchanged and the Master Direction will be updated accordingly. Circulars FEMA Wed, 12 May 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64810