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Can an Indian company make investment in a JV/WOS abroad, which will be engaged in the financial services sector?

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Can an Indian company make investment in a JV/WOS abroad, which will be engaged in the financial services sector?

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• Only an Indian Company engaged in financial sector activities can make investment in the financial services sector provided it fulfills the following norms besides complying with the parameters indicated at Answers to the Question Nos. 14 and 28.

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