Regulation 9A - Overseas Investments by Registered Trust/Society

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Full Text of the Document

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....nt by Registered Trust/Society Trust (i) The Trust should be registered under the Indian Trust Act, 1882. (ii) The Trust deed permits the proposed investment overseas. (iii) The proposed investment should be approved by the trustee/s. (iv) The Authorised Dealer bank is satisfied that the Trust is KYC (Know Your Customer) compliant and is engaged in a bonafide activity. (v) The Trust has....