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Investment by a person resident outside India in an Investment Vehicle

Schedule 08 [See Regulation 5(8)] - Regulation - Schedules - FEMA - Schedule 08 [See Regulation 5(8)] - Schedule 8 [See Regulation 5(8)] 1. Investment in units of an Investment Vehicle (1) A person resident outside India (other than a citizen of Paki .....

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e with this Schedule may sell or transfer in any manner or redeem the units as per regulations framed by Securities and Exchange Board of India or directions issued by the Reserve Bank. (3) An Investment vehicle may issue its units to a person reside .....

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tment for the investee Indian entity if the Sponsor or the Manager or the Investment Manager (i) is not owned and not controlled by resident Indian citizens or (ii) is owned or controlled by persons resident outside India. Provided that for sponsors .....

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the AIF should be in the hands of sponsors and managers/ investment managers , with the general exclusion to others. In case the sponsors and managers/ investment managers of the AIF are individuals, for the treatment of downstream investment by such .....

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