Nature of clients

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Full Text of the Document

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....in India who is eligible under FEMA to invest funds offshore, to the extent of outward investment permitted; (iv) a person resident in India who is eligible under FEMA, to invest funds offshore, to the extent allowed under the Liberalized Remittance Scheme of Reserve Bank of India, subject to a minimum investment as specified by the Board from time to time: Provided that clients referred to in ....