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

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..... ed to paragraph A.3.(e) and B.6 of 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 servi .....

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..... . 15 dated January 01, 2016, is being updated to reflect the changes. 5. The directions contained in this circular have been issued under section 10 (4) and 11(1) of the FEMA and are without prejudice to permissions/approvals, if any, required under any other law. Yours faithfully Ajay Kumar Misra Chief General Manager-in-Charge - Circular - Trade Notice - Public Notice .....

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