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Investment by a person resident outside India in an Investment Vehicle

Schedule 08 [See Regulation 5(8)] - Regulation - Schedules - Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017 - Schedule 08 [See Regulation 5(8)] - Schedule 8 [See Regulation 5(8)] 1. In .....

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of Investment Vehicles. (2) A person resident outside India who has acquired or purchased units in accordance with this Schedule may sell or transfer in any manner or redeem the units as per regulations framed by Securities and Exchange Board of Indi .....

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) Investment made by an Investment Vehicle into an Indian entity shall be reckoned as indirect foreign investment for the investee Indian entity if the Sponsor or the Manager or the Investment Manager (i) is not owned and not controlled by resident I .....

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ether the sponsor or manager or investment manager is foreign owned and controlled. Explanation: Control of the AIF should be in the hands of sponsors and managers/ investment managers , with the general exclusion to others. In case the sponsors and .....

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