Investment by Indian Party engaged in Financial Services Sector

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....ubject to the Regulations in Part I, an Indian Party engaged in financial services sector in India may make investment in an entity outside India: Provided that the Indian party (i)  has earned net profit during the preceding three financial years from the financial services activities; (ii) is registered with the regulatory authority in India for conducting the fin....

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....ated 25-05-2009, w.e.f. 06-09-2006, before it was read as, "(1) Subject to the Regulations in Part I, an Indian party may make investment in an entity outside India engaged in financial services activities: Provided that the Indian party i. has earned net profit during the preceding three financial years from the financial services activities; ii. is regist....