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Foreign Portfolio Investment (FPI) in India
Similar to Foreign Direct Investment, Foreign Portfolio Investment (FPI) is a most explored way of investment in India. Foreign Portfolio Investment allows an investor to invest in multiple securities in foreign country such as shares, bonds, fixed deposits etc. Unlike FDI, investment in FPI is done for the purpose of getting return and not for the purpose of control. FPI is controlled in India through Security and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014.
By CA. Kapil Mittal
Last update on March 19,2024
Foreign Direct Investment in space Sector| Recent Amendments for FDI in Space sector
India is showing substantial development in the space sector. Considering the major development of India in the space sector, the government has approved amendments in FDI policies with respect to FDI in space sector.
By CA. Kapil Mittal
Last update on March 12,2024
Foreign Direct Investment (FDI) Policy in Broadcasting & Print Media
FDI for TV channel up-linking/down-linking shall be subject to compliance with relevant Ministry's policies. The foreign investment (FI) in companies offering aforementioned services subject to Ministry's specified regulations and conditions specified from time to time. The foreign investment (FI) limit in companies engaged in the aforestated activities shall include, in addition to FDI, Foreign Portfolio Investors (FPIs), Qualified Foreign Investors(QFIs), Non-Resident Indians (NRIs), Foreign Currency Convertible Bonds (FCCBs), American Depository Receipts (ADRs), Global Depository Receipts (GDRs) and convertible preference shares held by foreign entities. Foreign investment in broadcasting carriage services subject to specified security conditions/terms.
By CA. Kapil Mittal
Last update on March 5,2024
Foreign Direct Investment (FDI) Policy in Civil Aviation
India's civil aviation sector has undergone significant transformation in recent years, fueled by liberalization measures and strategic policy interventions. India's air travel industry has changed a lot lately because of new rules and government decisions. One big part of this change is how foreign companies can invest in Indian airlines. This policy is really important for how the industry grows.
By CA. Kapil Mittal
Last update on February 21,2024
Unlocking opportunity to list Equity shares of Indian Company on International Stock Exchange
Ministry of Corporate Affairs have unlocked a global opportunity for Unlisted Public Company and Listed public Company to get their equity shares listed on international stock exchange in permissible foreign jurisdiction.
By CA. Kapil Mittal
Last update on February 13,2024
Procedure of obtaining Government approval for Foreign Direct Investment (FDI)
Foreign Direct Investment means any investment made by a person resident outside in Indian Companies through equity instruments or in LLPs through capital contribution. When India is in the direction of becoming a developed country, interest of persons resident outside India is increasing substantially in Indian Entities. As the foreign funding is increasing, the regulation by the Central Government is also increasing on FDIs.
By CA. Kapil Mittal
Last update on November 28,2023
All about Legal Entity Identifier (LEI) Number
Inter-country transactions have increased drastically and entities across the countries are dealing with each other. In such a case, every country has its own method of identification of any entity such as India having PAN and CIN. However, when it comes to global transactions, the international regulatory bodies are facing the issue of identification of entities in absence of any unique identification number.
By CA. Kapil Mittal
Last update on November 21,2023
Foreign Companies any open Bank Account without PAN
In a recent amendment, the Income Tax Department has exempted non-resident Individuals and foreign companies from submitting PAN for opening of Bank Account at GIFT International Financial Service Centre. Instead, Foreign companies and non-resident Individuals are required to furnish Form 60.
By CA. Kapil Mittal
Last update on November 7,2023
Form 10F filing by non-resident without obtaining PAN
Form 10F is required to be filed by non-residents for claiming benefit of Double Taxable Avoidance Agreement (DTAA) so that they can get income without deduction of TDS in India. Recently, Non-residents were facing a major dilemma of obtaining PAN for filing of Form 10F on Income Tax portal.
By CA. Kapil Mittal
Last update on October 24,2023
Requirement of obtaining PAN and filing of ITR of Foreign Companies
Income Tax Act provides various situations where a foreign company is mandatorily required to obtain PAN. However, there are various situations where PAN is not required as per Law, however, same is required due to practical compliances such as PAN for filing Form 10F for claiming benefit of Form 10F.
By CA. Kapil Mittal
Last update on October 17,2023