Permission for Direct Investment in Equity of Companies Registered Overseas

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..... eign Exchange Management (Transfer Or Issue of Any Foreign Security) Regulations, 2000
Has been superseded vide Notification No. 120/2004 dated 7/7/2004 16A. Permission for Direct Investment in Eq .....

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..... in the case of investment by the listed Indian company, the investment shall not exceed 25% of its net worth shown in its latest audited balance sheet; (ii) in the case of investment by Mutual Fund, .....

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