https://www.taxtmi.com/acts?id=40945 Registered trusts and societies in the education or hospital sector may make overseas direct investment with prior Reserve Bank approval where the foreign entity operates in the same sector. They must meet existence, constitutional-authority, internal-approval and applicable licensing conditions. Mutual funds, venture capital funds and alternative investment funds may deal in foreign securities within applicable limits through designated AD banks, with such investments treated as overseas portfolio investment. Clearing corporations, domestic depositories and AD banks may acquire, hold or transfer foreign securities for specified collateral, depository receipt and banking-business purposes. en-us Tue, 23 Aug 2022 15:24:26 +0530 Mon, 31 Aug 2026 16:28:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40945 Registered trusts and societies in the education or hospital sector may make overseas direct investment with prior Reserve Bank approval where the foreign entity operates in the same sector. They must meet existence, constitutional-authority, internal-approval and applicable licensing conditions. Mutual funds, venture capital funds and alternative investment funds may deal in foreign securities within applicable limits through designated AD banks, with such investments treated as overseas portfolio investment. Clearing corporations, domestic depositories and AD banks may acquire, hold or transfer foreign securities for specified collateral, depository receipt and banking-business purposes. Act-Rules FEMA Tue, 23 Aug 2022 15:24:26 +0530 https://www.taxtmi.com/acts?id=40945