https://www.taxtmi.com/acts?id=40946 Persons resident in India may make overseas investment in an IFSC through permitted overseas direct investment or overseas portfolio investment modes. Regulatory approval for overseas direct investment must be decided within forty-five days of a complete application, failing which it is deemed approved. Eligible Indian entities may invest in specified IFSC financial-services entities despite not meeting the net-profit condition. Resident individuals may invest in eligible controlled IFSC entities without subsidiaries outside the IFSC. Contributions to IFSC investment funds or vehicles may be made as overseas portfolio investment. en-us Tue, 23 Aug 2022 15:26:51 +0530 Mon, 31 Aug 2026 16:33:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40946 Persons resident in India may make overseas investment in an IFSC through permitted overseas direct investment or overseas portfolio investment modes. Regulatory approval for overseas direct investment must be decided within forty-five days of a complete application, failing which it is deemed approved. Eligible Indian entities may invest in specified IFSC financial-services entities despite not meeting the net-profit condition. Resident individuals may invest in eligible controlled IFSC entities without subsidiaries outside the IFSC. Contributions to IFSC investment funds or vehicles may be made as overseas portfolio investment. Act-Rules FEMA Tue, 23 Aug 2022 15:26:51 +0530 https://www.taxtmi.com/acts?id=40946