Overseas Investment by Mutual Funds - Liberalisation

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s is invited to Regulation 6C and Regulation 26 of Notification No .FEMA 120/RB-2004 dated 7th July 2004, [Foreign Exchange Management (Transfer or issue of Any Foreign Security) Regulations, 2004] as amended from time to time (the Notification) and A. P. (DIR Series) Circular No. 97 dated 29th April 2003, A. P. (DIR Series) Circular No. 3 dated 26th July 2006, A. P. (DIR Series) Circular No. 16 d....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....tional guidelines as issued by SEBI. 3. The monthly reporting requirement to the Reserve Bank as stipulated vide A. P. (DIR Series) Circular No.3 dated 26th July 2006 and modified vide A. P. (DIR Series) Circular No.72 dated 8th June 2007 would continue for statistical purposes with appropriate modifications to include the additional categories of investments allowed vide A. P. (DIR Series) Circu....