Question

What is the key requirement for Mutual Funds raising funds from overseas investors?

a.

Compliance with FEMA

b.

Compliance with SEBI regulations

c.

Compliance with income tax norms

d.

Compliance with company law

Answer: (a).Compliance with FEMA Explanation:Funds-raising by Mutual Funds from overseas investors is subject to restrictions and direction of FEMA (Foreign Exchange Management Act).

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Q. What is the key requirement for Mutual Funds raising funds from overseas investors?

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