09/10/2015
SEBI PERMITS OVERSEAS INVESTMENTS BY AIFS & VCFS, CLARIFIES OTHER ISSUES
In progression to the consultative paper dated April 24, 2015 on overseas investment byVCFs and AIFs, SEBI on October 1, 2015 gifted AIF industry the long pending and most awaited guidelines dealing with overseas investment and other issues/clarifications for AIFs/VCFs.The guidelines has been issued vide circular no. CIR/MD/DF/7/2015 and is issued in consonance with the legal regime framed by the Reserve Bank of India in this regard.
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