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Written by:
Eduardo H
Date added:
December 7, 2010
Level:
University
Grade:
A
No of pages / words:
1 / 249
Was viewed:
3048 times
Rating of current essay:
Essay content:
Recently, Indian companies have also been permitted to invest, up to 25 per cent of its net worth, in shares of foreign companies, having a minimum of 10 per cent of the share capital of a
company listed in a recognized stock exchange in India. Mutual Funds are permitted to invest in ADRs/GDRs of the Indian companies, rated debt instruments and also invest in equity of overseas companies with an overall cap of USD 1 billion...
displayed 300 characters
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Mutual Funds are permitted to invest in ADRs/GDRs of the Indian companies, rated debt instruments and also invest in equity of overseas companies with an overall cap of USD 1 billion. Furthermore, under the Liberalised
Remittance Scheme of USD 25,000, resident individuals are free to acquire and hold immovable property, shares or any other asset outside India without prior approval of RBI, enabling them to convert their rupee denominated assets into foreign currency denominated assets...
displayed 300 characters
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