Overseas Investments by Alternative Investment Funds (AIF)

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..... FEMA.120/RB-2004 dated July 7, 2004 [Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2004] (the Notification), as amended from time to time and the provisions under A.P.(DIR Series) Circulars No. 49 and 50 dated April 30, 2007 and May 04, 2007 respectively. 2. On a review, it has been decided to permit an Indian Alternative Investment Fund (AIF), r .....

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