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”.
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.
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.
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.
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
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.
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.
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.
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
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