https://www.taxtmi.com/acts?id=40929 Overseas investment by a person resident in India must be made in a foreign entity undertaking bona fide business activity, subject to applicable limits and conditions. The activity must be permissible under Indian and host-jurisdiction law, and subsidiary structures must meet foreign-entity structural requirements. Prior Central Government approval is required for investment, transfer, or securities swaps involving specified jurisdictions. The Central Government and Reserve Bank may permit financial commitments subject to conditions, while the Reserve Bank may prescribe aggregate outflow ceilings and approval thresholds. en-us Tue, 23 Aug 2022 15:13:46 +0530 Mon, 31 Aug 2026 15:33:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40929 Overseas investment by a person resident in India must be made in a foreign entity undertaking bona fide business activity, subject to applicable limits and conditions. The activity must be permissible under Indian and host-jurisdiction law, and subsidiary structures must meet foreign-entity structural requirements. Prior Central Government approval is required for investment, transfer, or securities swaps involving specified jurisdictions. The Central Government and Reserve Bank may permit financial commitments subject to conditions, while the Reserve Bank may prescribe aggregate outflow ceilings and approval thresholds. Act-Rules FEMA Tue, 23 Aug 2022 15:13:46 +0530 https://www.taxtmi.com/acts?id=40929