Are intermediaries expected to seek specific approval for making overseas investments available to clients? https://www.taxtmi.com/manuals?id=5907 Banks, including those without operational presence in India, must obtain prior approval from the Reserve Bank before soliciting deposits for their foreign or overseas branches or before acting as agents for overseas mutual funds or any other foreign financial services company. en-us Mon, 25 Nov 2024 12:29:00 +0530 Mon, 25 Nov 2024 12:29:00 +0530 TaxTMI RSS Generator Are intermediaries expected to seek specific approval for making overseas investments available to clients? https://www.taxtmi.com/manuals?id=5907 Banks, including those without operational presence in India, must obtain prior approval from the Reserve Bank before soliciting deposits for their foreign or overseas branches or before acting as agents for overseas mutual funds or any other foreign financial services company. Manuals FEMA Mon, 25 Nov 2024 12:29:00 +0530 https://www.taxtmi.com/manuals?id=5907