https://www.taxtmi.com/acts?id=40929 Rule 9 permits overseas investment by residents only in foreign entities engaged in a bonafide business activity, directly or through step down subsidiaries or special purpose vehicles, subject to limits and structural requirements; transfers involving entities in specified jurisdictions require prior governmental approval. Regulators may allow commitments beyond limits on application, and may prescribe annual outflow ceilings and approval thresholds. en-us Tue, 23 Aug 2022 15:13:46 +0530 Tue, 27 May 2025 18:28:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40929 Rule 9 permits overseas investment by residents only in foreign entities engaged in a bonafide business activity, directly or through step down subsidiaries or special purpose vehicles, subject to limits and structural requirements; transfers involving entities in specified jurisdictions require prior governmental approval. Regulators may allow commitments beyond limits on application, and may prescribe annual outflow ceilings and approval thresholds. Act-Rules FEMA Tue, 23 Aug 2022 15:13:46 +0530 https://www.taxtmi.com/acts?id=40929