Foreign investment in real estate, infrastructure, alternative funds allowed- (Reserve Bank of India) (21 Apr 2016)

MANU/APDR/0027/2016

Banking

The Reserve Bank of India allowed foreign investment in the units of Investment Vehicles registered and regulated by Securities and Exchange Board of India and other competent authorities.

Vehicles included are Real Estate and Infrastructure Investment Trusts and and Alternative Investment Funds. The extent of foreign investment in the corpus of the Vehicle will not be a factor in determining if downstream investment of the Vehicle concerned is foreign investment or not.

Relevant : Foreign Exchange Management (Acquisition and transfer of immovable property in India) Regulations, 2000MANU/RFEM/0013/2000 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Eleventh Amendment) Regulations, 2015 MANU/RFEM/0031/2015

Tags : INVESTMENT VEHICLE FOREIGN INVESTMENT