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Eligible FME and Clients

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Full Text of the Document

X X   X X   Extracts   X X   X X

....n accordance with these regulations. (2) A FME in its capacity as a portfolio manager may have the following categories as clients: (a) a person resident outside India; (b) a non-resident Indian; (c) a non-individual resident in India who is eligible under FEMA to invest funds offshore, to the extent of outward investment permitted; and (d) an individual resi....

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