FDI are given in the Consolidated FDI Policy issued by the Department for Promotion of Industry and Internal Trade. In this article, a detailed discussion is carried out related to FDI in e-commerce entities and related terms and conditions.
In Foreign Exchange Management Act, 1999 (“FEMA”) most of the roles and responsibilities are assigned to Authorised Dealers(“AD”). These Authorised Dealers play a huge role under FEMA. They are entrusted with various duties and important roles that contribute to the safer and better implementation of the rules laid down under the Act. In this article you will get an elaborate insight about Authorised Dealer and their various roles and responsibilities
For the purpose of monitoring Merchant Trading Transactions, RBI has issued guidelines for Merchant Trade Transactions (“MTT”). These guidelines have been amended various times over the period of time based on changes in the market and transactions. The latest guidelines were issued vide circular No. RBI/2019-20/152 A.P. (DIR Series) Circular No.20 dated 23rd January, 2020.
Trade Credit is a very popular term in daily business transactions. Trade Credit is a source of short-term financing wherein the Supplier provides an agreed credit period to the buyer to make payment for the supply of goods or services without any interest.
Foreign Direct Investment (FDI-LLP) in Limited Liability Partnerships (LLP) formed and registered under the Limited Liability Partnership Act, 2008 is governed under Foreign Exchange Management (Non-debt Instruments) Rules, 2019 which have superseded Foreign Exchange Management (Transfer by Issue of Security by a Person Resident outside India) Regulations, 2017 vide Notification S.O. 3732(E) issued by Ministry of Finance (Department of Economic Affairs).
Foreign Exchange Management Act (FEMA) on this transaction since a Non-resident Indian is involved in transactions and remittance money is repatriated outside India. But what about the applicability of Income tax provisions on these transactions.
The Government of India undertook a comprehensive exercise of simplifying overseas investment rules in consultation with the Reserve Bank of India. The revised regulations have simplified the existing framework for overseas investment and have aligned the same with the current business and economic dynamics.
RBI introduced the concept of “Downstream Investment (DI)” or “Indirect Foreign Investment”. In this article, an elaborate discussion is made about “Downstream Investment” and “Indirect Foreign Investment”.
e-invoicing is a process of uploading details of an already generated invoice on the GST portal and generating an Invoice Reference Number (“IRN”) for such invoice. Idea behind e-invoicing is one time registration of invoices on GST portal so that it can be used for multiple purposes.
Foreign investors are more inclined toward options where they have complete control over the entity and also such entities can enjoy benefits as domestic companies. FOCC has become a wonderful source of investment for such investors. FOCC can conduct business in India as a domestic company.
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