TaxTMI 
TaxTMI 
Overseas Investment by person resident in India other than Indian entity and resident Individual
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.... * (i) the foreign entity is engaged in the same sector that the Indian Trust or Society is engaged in; * (ii) the Trust or the Society, as the case may be, should have been in existence for at least three financial years before the year in which such investment is being made; * (iii) the trust deed in case of a Trust, and the memorandum of association or rules or bye-laws in case of a Society shall permit the proposed Overseas Direct Investment; * (iv) such investment have the approval of the trustees in case of a Trust and the governing body or council or managing or executive committee in case of a Society; * (v) in case the Trust or the Society require special licence or permission either from the Ministry of Home Affairs, Centr....
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....change and its clearing members, may acquire, hold and transfer foreign securities, offered as collateral by foreign portfolio investors and, subject to the guidelines issued by the SEBI from time to time,- * (i) open and maintain Demat Account with foreign depositories; * (ii) remit the proceeds arising due to such action, if any; and * (iii) liquidate such foreign securities and repatriate the proceeds thereof to India. 4. Acquisition and transfer of foreign securities by domestic depository * A domestic depository may acquire, hold and transfer foreign securities of a foreign entity, being the underlying security to issue Indian Depository Receipts as may be authorised by such foreign entity or its overseas custodian bank and th....
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....ive of whether the securities are listed or not. * (2) MFs/VCFs/AIFs desirous of availing this facility may approach SEBI for necessary permission. Operational modalities regarding eligibility criteria, individual limits, identification of recognised stock exchanges, investible universe, monitoring of aggregate ceilings, etc., shall be as per the guidelines issued by SEBI. General permission is available to such investors for sale of securities so acquired. * (3) An AD bank, including its overseas branch, may acquire or transfer foreign securities in terms of host country regulations/laws, as applicable, in the normal course of its banking business. The provisions contained in OI Rules/Regulations shall not apply to such acquisition or ....