Tax alert: RBI paves way to simplify carry or co-investment opportunities in overseas fund vehicles

10 June 2024
In line with industry representations, the Reserve Bank of India has issued a circular facilitating and simplifying the current norms for Indian residents to make overseas investments (especially carry and co-investment contributions), in offshore fund vehicles, as overseas portfolio investment (“OPI"). This shall largely liberalise investments by Indian investors in overseas fund vehicles.

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Tax alert: RBI paves way to simplify carry or co-investment opportunities in overseas fund vehicles

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