Regulation 9A - Overseas Investments by Registered Trust/Society

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..... eria for overseas investment by Registered Trust/Society Trust (i) The Trust should be registered under the Indian Trust Act, 1882. (ii) The Trust deed permits the proposed investment overseas. (iii) The proposed investment should be approved by the trustee/s. (iv) The Authorised Dealer bank is satisfied that the Trust is KYC (Know Your Customer) compliant and is engaged in a bonafi .....

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..... ot come under the adverse notice of any Regulatory / Enforcement agency like the Directorate of Enforcement, CBI etc. In addition to the registration, the activities which require special license / permission either from the Ministry of Home Affairs, Government of India or from the relevant local authority, as the case may' be, the Authorised Dealer Category -I bank should ensure that such .....

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