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Investment by a person resident outside India in an Investment Vehicle

Regulation SCHEDULE 11 - Old_Provisions - FOREIGN EXCHANGE MANAGEMENT (TRANSFER OR ISSUE OF SECURITY BY A PERSON RESIDENT OUTSIDE INDIA) REGULATIONS, 2000 - Regulation SCHEDULE 11 - These rules have been superseded vide New Regulations New Regulations of 2017 2[SCHEDULE 11 [See Regulation 5(10)] 1. A person resident outside India including an RFPI and an NRI may invest in units of Investment Vehicles subject to the conditions laid down in this Schedule. 2. The payment for the units of an Investm .....

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foreign investment if either the Sponsor or the Manager or the Investment Manager is not Indian owned and controlled as defined in Regulation 14 of the principal Regulations. Provided that for sponsors or managers or investment managers organized in a form other than companies or LLPs, SEBI shall determine whether the sponsor or manager or investment manager is foreign owned and controlled. Explanation 1: Ownership and control is clearly determined as per the extant FDI policy. AIF is a pooled i .....

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o whether downstream investment of the Investment Vehicle concerned is foreign investment or not. 5. Downstream investment by an Investment Vehicle that is reckoned as foreign investment shall have to conform to the sectoral caps and conditions / restrictions, if any, as applicable to the company in which the downstream investment is made as per the FDI Policy or Schedule 1 of the principal Regulations. 6. Downstream investment in an LLP by an Investment Vehicle that is reckoned as foreign inves .....

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rmat to Reserve Bank of India or to SEBI as may be prescribed by them from time to time.] - Notes- 1. Inserted vide Not. 355/2015-RB - Dated 16-11-2015 2. Substituted vide Not. 362/2016-RB - Dated 15-2-2016 "1[SCHEDULE 11 [See Regulation 5(10)] 1. A person resident outside India including an RFPI and an NRI may invest in units of Investment Vehicles subject to the conditions laid down in this Schedule. 2. The payment for the units of an Investment Vehicle acquired by a person resident or re .....

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he Manager nor the Investment Manager is Indian owned and controlled as defined in Regulation 14 of the principal Regulations. Provided that for sponsors or managers or investment managers organized in a form other than companies, SEBI shall determine whether the sponsor or manager or investment manager is foreign owned and controlled. Explanation 1: Ownership and control is clearly determined as per the extant FDI policy. AIF is a pooled investment vehicle. Control of the AIF should be in the h .....

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