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Sponsor Contribution to an AIF set up in Overseas Jurisdiction, including IFSCs

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....f Master Direction No.15 dated January 1, 2016, on "Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad", as amended from time to time and Regulation 7 of the Notification FEMA 120/2004-RB, pertaining to provisions for an Indian Party (IP) making investment/ financial commitment in an entity engaged in the financial services sector. 2. It has been decided t....

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Sponsor Contribution to an AIF set up in Overseas Jurisdiction, including IFSCs