salaries
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 November 2010
what is meant by off-shore funds?
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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