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January 2015

A. P. (DIR Series) Circular No. 48 dated December 09, 2014

By Gaurang Gandhi Chartered Accountant
Reading Time 1 mins
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Notification No. FEMA.320/2014-RB dated 5th September, 2014 Overseas Investments by Alternative Investment Funds (AIF )

This circular now permits an Indian Alternative Investment Fund (AIF) as defined under the SEBI (Alternative Investment Funds) Regulations, 2012 to invest in foreign securities subject to guidelines issued by RBI & SEBI.

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