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All about Form LLP-I
Foreign Direct Investments are permitted under the automatic route in Limited Liability Partnerships (LLPs) operating in sectors/activities where 100% FDI is allowed through automatic route. FDI in LLP can be made through capital contribution. In this article, an intensive discussion has been carried out about reporting of FDI in LLPs through Form LLP-I.
By CA. Kapil Mittal
Last update on May 10,2022
Detailed analysis of the bank accounts opened by NRI/POI in India
Detailed analysis of the bank accounts that can be opened by Non-resident Indians (NRI) or a Person of Indian Origin (PIO) in India, its features, taxation structure, and suitability in accordance with a specific purpose.
By CA. Kapil Mittal
Last update on April 27,2022
Types of Prepaid Payment Instruments (PPI) Issued in India
RBI has issued a Master Directions on Issuance and Operations of PPIs vide Circular No. RBI/DPSS/2017-18/58 Master Direction DPSS.CO.PD.No.1164/02.14.006/2017-18 dated 17th October 2017. Prepaid Payment Instruments are governed by provisions of the Payment and Settlement Systems Act (“PSS”), 2007
By CA. Kapil Mittal
Last update on April 27,2022
Overseas Direct Investment | Post Investment obligations| Reporting Requirement| Disinvestment
Overseas Direct Investment involves outflow of funds from the country and therefore, the Government wants to be more vigilant about it. Provisions related to ODI already contain a lot of permissions from the Reserve Bank of India and also free ODIs are permitted subject to fulfillment of lots of attached conditions. Similarly, once the process of ODI completes, various reporting obligations start for investors. In this article, we have carried out a detailed discussion of reporting obligations of investors and other regulations applicable.
By CA. Kapil Mittal
Last update on November 8,2021
Acquisition of Immovable Property outside India by person Resident in India
However, the need to buy property outside India keeps on arising in various situations like a resident Individual settling outside India, an Investment opportunity outside India, a business entity needs to set up business outside India, and many others.
By CA. Kapil Mittal
Last update on November 8,2021
Purpose and process of FC-GPR filing for Foreign Direct Investment
RBI has specified certain reporting requirements related to FDI so that RBI can keep itself updated with all FDI movements in India. In this article, we will discuss in detail about one of such reporting requirements in Form FC-GPR.
By CA. Kapil Mittal
Last update on October 27,2021
Approval Routes for Overseas Direct Investment (ODI) by Indian Party
Overseas Direct Investments are regulated by Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, notified vide Notification No. FEMA.120/RB-2004 dated July 7, 2004.
By CA. Kapil Mittal
Last update on October 21,2021
Registration of Expatriates by FRRO in India
Whenever a Foreign National wishes to reside long-term in India, typically a stay that exceeds more than 180 days, one of their key responsibilities is to visit the Foreign Regional Registration Office (FRRO) within the first 14 days of arrival in the territory of India.
By CA. Kapil Mittal
Last update on October 12,2021
All about Form FC-TRS
Form FC-TRS is one of the 9 essential forms required for FDI filing, but what is it, and how to file it? In this article, you will find the answer to all your questions regarding what is an FC-TRS Form, and how to file it.
By CA. Kapil Mittal
Last update on October 5,2021
Simplified Reporting by RBI for FDI| Single Master Form (SMF)
Reserve Bank of India (“RBI”) has taken all necessary steps to keep reporting simplified and sorted. Therefore, various changes have been made in the reporting requirement of FDI. In this article, we have made a brief discussion about changes in the manner of reporting FDI to the RBI.
By CA. Kapil Mittal
Last update on September 28,2021