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TMI BlogOverseas Investment by person resident in India other than Indian entity and resident IndividualX X X X Extracts X X X X X X X X Extracts X X X X ..... ODI by Registered Trust or Society. Any person being a registered Trust or a registered Society engaged in the educational sector or which has set up hospitals in India may make ODI in a foreign entity with the prior approval of the Reserve Bank, subject to the following conditions, namely: (i) the foreign entity is engaged in the same sector that the Indian Trust or Society is engaged in; ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ual Funds or Venture Capital Funds or Alternative Investment Funds . (1) A mutual fund or Venture Capital Fund or Alternative Investment Fund may acquire or transfer foreign securities as stipulated by SEBI from time to time in accordance with the provisions of these rules and subject to such other terms and conditions as may be laid down by the Reserve Bank and the SEBI under applicable laws fro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3. Opening of Demat Accounts by clearing corporations of stock exchanges and clearing members. Any person, being a SEBI approved clearing corporation of a stock exchange 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 De ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5. Acquisition and transfer of foreign securities by AD bank. An AD bank including its overseas branch may acquire or transfer foreign securities in accordance with the terms of the host country or host jurisdiction, as the case may be, in the normal course of its banking business. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Managem ..... X X X X Extracts X X X X X X X X Extracts X X X X
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