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Querist : Anonymous (Querist)
28 November 2010 what is meant by off-shore funds?
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sunil sharma

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sunil sharma (Expert)
29 November 2010 Overseas Financial Organisation (known as Off-shore Fund) in respect of units purchased in foreign currency. "Overseas Financial Organisation" means any fund institution, association or body established under the laws of a country outside India which has entered into an arran­gement for investment in India with any public sector bank or public financial institution or a notified mutual fund and such arrangement is approved by the Central government
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