Foreign Direct Investment Consolidated Policy FDI
|
|
- Brook Owen
- 6 years ago
- Views:
Transcription
1 Foreign Direct Investment Consolidated Policy FDI D S Vivek ICAI Bangalore Branch 14 th April April 2010 Suresh & Co., FDI background Controlled economy to Open economy Industrial policy liberalized-july 91 Scrapping of Industrial licensing Liberalization of controls on forex Allowing FDI and Technical collaborations 21 April 2010 Suresh & Co.,
2 FDI- Agencies Involved FEMA- Administered by RBI (FED)- Notifications / AP (DIR) Circulars DIPP, Min. of Industry & Commerce- Regulates and Supervises FDI through press notes FIPB/ SIA approves FDI requiring Govt. approval SEBI listed company, FII and FVCI 21 April 2010 Suresh & Co., Consolidated Circular on FDI Need due to scattered Press Notes Regulated by FEMA notifications/ap Dir RBI-Master Circulars Consolidated at one place Bring Transparency in FDI 21 April 2010 Suresh & Co.,
3 Legal Basis of Consolidated Circular Circular No.1 of 2010 of DIPP dt Valid till Sept 30, 2010 fresh updated circulars very 6 months Subsumes all previous Press Notes/ Press Releases/ Clarifications on 31 st March 2010 Legal effect through FEMA notification Notification Prevails over Circular/PN 21 April 2010 Suresh & Co., Structure of Cir No.1 Intent & Objective Definitions Origin,Type,Eligibility,Conditions and Issue/Transfer of Investment Calculations, Entry Routes, Caps, Entry Conditions of Investment Policy on Route, Caps and Entry Conditions-Sector wise Remittance, Reporting and Violation 21 April 2010 Suresh & Co.,
4 Intent & Objective Financial Contribution by Non Residents FDI and Portfolio Investments FDI is long term and strategic degree of influence on entity Portfolio for gain through appreciation in value and dividend Policy of Govt to attract FDI Only consolidates and not to bring changes Earlier actions valid 21 April 2010 Suresh & Co., Definitions Capital : Equity shares, Fully, compulsorily and mandatory convertible preference shares and debentures Warrants and partly paid shares or any other instrument cannot be issued FDI- investment by NR entity / NR person in capital of Indian company as per Sch-1 of FEMA 21 April 2010 Suresh & Co.,
5 Definitions PIO- citizen of any country other than Bangladesh or Pakistan held Indian passport, parents or grand parents were citizens, spouse of Indian citizen or of a PIO as per above 2 conditions 21 April 2010 Suresh & Co., Origin A NR entity/person other than citizen of Pakistan or entity incorporated in Pakistan can invest in India subject to FDI policy Bangladesh citizen or entity can invest only through Govt. approval NRI s and Citizens in/of Nepal or Bhutan can also do on repatriation basis if done through convertible forex 21 April 2010 Suresh & Co.,
6 Origin-Cont. OCB s- either through govt route or RBI approval FII through FDI or Portfolio scheme - 10% or 24% would be applicable even under FDI NR other than FII/NRI/PIO through PIS can invest through secondary market 21 April 2010 Suresh & Co., Types of Instruments Equity Shares, CCPS,CCD-pricing Guidelines to be determined upfront Other Types of PS/ debentures would be treated as ECBs FCCB/ Depository Receipts as per respective guidelines 21 April 2010 Suresh & Co.,
7 Eligibility of FDI in Resident Entities Indian companies including micro and small enterprises NRI/PIO can invest in Firm / Proprietary concern on non repatriation basis (Not In Agri /plantation /real estate /print media) On repatriation basis with RBI approval Other NRs with approval of RBI in consultation with Govt. FDI in Trusts other than VCF not allowed FDI in other entities not allowed. LLP? 21 April 2010 Suresh & Co., Conditions on issue of shares Issue with in 180 days of receipt Issue price as per SEBI guidelines for listed companies Unlisted company-based on CA valuation as per CCI guidelines Can open Foreign Currency account with RBI approval to retain share subscription 21 April 2010 Suresh & Co.,
8 Conditions for transfer of shares NR (other than NRI/OCB) can sell / gift shares to any NR (including NRI) NRI can sell/ gift to another NRI Existing Venture/Tie Up condition to be satisfied in above cases NR can gift to resident NR can sell shares through exchange through broker 21 April 2010 Suresh & Co., Conditions for transfer of shares Resident can sell to NR (including subscription shares ) by private arrangement, other than shares in financial services sector subject to Ann-2 NR can sell to resident by private arrangement subject to Ann-2 Ann-2 pricing, documentation 21 April 2010 Suresh & Co.,
9 Conditions for transfer of shares Also covers transfer of shares earlier under approval and now under Automatic Also covers buy back and capital reduction Above not applicable for Finance sector (R to NR) 21 April 2010 Suresh & Co., RBI approval for transfers btw Residents to Non Residents In finance services sector Transactions attracting takeover code Activity of Indian company not under automatic route and FIPB approval has been obtained Outside pricing guidelines prescribed by RBI Deferred payment transactions Shares of sectors under Govt Route Govt approval and RBI approval 21 April 2010 Suresh & Co.,
10 RBI approval for gift to NR Documents in Ann3 to be given Eligibility of the donee Does not exceed 5% of paid up capital Sectoral cap is complied with Relatives Not exceeding USD 25K per calendar year 21 April 2010 Suresh & Co., Other Conditions for issue Conversion of ECB/Lump sum fee/royalty to equity Rights/Bonus shares subject to sectoral cap-right price not lower than that offered to residents Rights to OCB require RBI approval Additional shares on rights if not breaching sectoral cap ESOP-employees of JV/WOS, not exceeding 5%, report with in 30 days 21 April 2010 Suresh & Co.,
11 Calculation of FDI FDI = Direct + Indirect Holdings Indirect Holdings by Indian company owned or controlled by NR Investment by Indian company not considered if owned and controlled by Resident citizens or by Indian company owned and controlled by Resident citizens 21 April 2010 Suresh & Co., Calculation of FDI Investment in X India by Y India Company Y has FDI less than 50%, then investment in X is not FDI Where company Y has 75% FDI and - Y invests 26% in X, FDI is 26% -Y Invests 80% in X, FDI is 80% -Y invests 100% in X, FDI is only 75% (exception) To be calculated at every stage of investment 21 April 2010 Suresh & Co.,
12 Entry Routes for Investment Automatic Route Government Route -FIPB approval required Existing venture/ Tie Up Condition- Jan 12,2005 conflict of interest clause Not applicable for VCF, JV interest less than 3%, Defunct/Sick, IT or mining sector 21 April 2010 Suresh & Co., Other Conditions for Investments Caps on Investments Entry conditions like minimum capitalization, lock in period etc. Others like relevant sectoral laws, national security, mandatory transfers etc. Downstream investment allowed- Indirect FDI 21 April 2010 Suresh & Co.,
13 Guidelines for FIPB approval Should be put up with in 15 days Decision to be communicated with in 30 days Presentation may be called if further clarification or deliberations are required Sectoral requirements and policies Requirement of licensing 21 April 2010 Suresh & Co., Guidelines for FIPB approval Export projections Strategic or defense related considerations Priority to be given to - Infra -export potential - employment opportunity - linkage to agri / farm sector - induction of technology or capital 21 April 2010 Suresh & Co.,
14 Guidelines for FIPB approval Upto 1200 Cr Minister of Finance in charge of FIPB approval required Above 1200 Cr- CCEA 21 April 2010 Suresh & Co., FDI Prohibition Retail Trade Atomic energy Lottery Gambling (even franchise and technology collaboration not allowed) Chit Fund TDR Real Estate or Construction of Farm houses Activities not opened to Private Sector 21 April 2010 Suresh & Co.,
15 Agriculture Sector 100% under Automatic in floriculture, horticulture, development of seeds,cultivation of vegetables etc, services related to agro and allied sector FDI not allowed in any other Agri sector cereals, pulses For seed development- safety requirements as per Environment Protection Act on genetically modified organism 21 April 2010 Suresh & Co., Manufacturing Sector Require Govt Approval for manufacture of items reserved for MSE sector and investment above 24%. Also require industrial license 21 April 2010 Suresh & Co.,
16 Cigars & Cigarettes Currently with Govt Approval subject to Industrial license Proposal to ban FDI even with Govt Approvals 21 April 2010 Suresh & Co., Defence Sector FDI upto 26% under Govt approval Industrial License required Approval in consultation with Ministry of defence Management in Indian hands Chief Executives to be resident Indian 21 April 2010 Suresh & Co.,
17 Power sector 100% under automatic allowed in generation, non conventional, distribution and power trading FDI not allowed in atomic power plant / atomic energy reserved for public sector 21 April 2010 Suresh & Co., Advertising & Film 100% FDI under Automatic route 21 April 2010 Suresh & Co.,
18 Civil aviation Sector Greenfield airports 100% automatic, existing airports automatic upto 74% and above with Govt Approval upto 100% Scheduled passenger service : FDI upto 49% and NRI upto 100% under Automatic Non Scheduled : upto 49% automatic, from 49% to 74% with Govt Approval 21 April 2010 Suresh & Co., Business Services 100% FDI under automatic Data processing, software development and consultancy, business and management consultancy services, market research, technical testing and analytical services 21 April 2010 Suresh & Co.,
19 Construction Development Projects FDI upto 100% under automatic Serviced housing plots- min 10 hecters acres Construction development projects min 50,000 sq mtr ( 50 lac sq.ft) Combined projects-one of the above criteria Min Cap USD 10mil for WOS and USD 5 Mil for JV Conditions not applicable for NRIs, Tourism and Hospital projects and SEZ 21 April 2010 Suresh & Co., NBFC sector Merchant Banking, Under writing, PMS, Investment Advisory services, Financial Consultancy, Stock Brokers, Venture capital, Forex broking, Housing finance etc- 100% FDI Automatic USD.5 Mil for 51% to be brought upfront USD 5 Mil upto 75% -upfront USD 50 Mil for more than 75%, 7.5Mil upfront and balance with in 24 month For Non Fund based.5mil irrespective of % 21 April 2010 Suresh & Co.,
20 Venture capital Fund Registered FVCI can invest 100% in Indian VC undertaking and can also set up Asset management Company FVCI can also invest in domestic Venture capital Fund If it is a Trust then Govt. approval required Domestic Fund to be registered SEBI 21 April 2010 Suresh & Co., R & D Services 100% allowed under automatic route Excludes Basic Research and Setting up of R & D? Excludes Academic institutions which would award degrees/ diplomas/ certificates ( Foreign Universities?) 21 April 2010 Suresh & Co.,
21 Trading 100% Automatic in Cash Carry Whole sale / Whole sale trading Whole sale Trading defined Sale to group companies less than 25% To have daily sales data to whom sold Ecommerce only in B2B Credit sales allowed Single Brand retailing allowed upto 51% under Govt Approval Test marketing allowed for 2 yrs with set up of manufacturing facility 21 April 2010 Suresh & Co., Repatriation AD can allow if sold as per prescribed guidelines and NOC/tax clearance certificate has been obtained AD can allow remittance on winding up or liquidation of company 21 April 2010 Suresh & Co.,
22 Penalty Upto 3 times the amount involved if amount involved can be determined Upto 2 lacs if it can not be determined Compounding of offence is allowed only if the amount is quantified Only 1 allowed in 3 years 21 April 2010 Suresh & Co.,
FOREIGN DIRECT INVESTMENT
FOREIGN DIRECT INVESTMENT Agenda Background Entry Policy & Procedures Investment in LLP Investment by NRIs Pledge of Shares Escrow Arrangement Transfer of Capital Reporting and Remittance Contraventions
More informationFOREIGN DIRECT INVESTMENT IN INDIA
Modes of Foreign Investment in India: Foreign Direct Investment comprising of equity in India, ADR/GDR/FCCB, -automatic route or Route (approval route) for foreign investors as well as NRI. Foreign Portfolio
More informationForeign Investment FEMA provisions
Foreign Investment FEMA provisions Institute of Chartered Accountants of India Beginner s Study course on FEMA 11 th May 2013 Naresh Ajwani Chartered Accountant Inbound Investment Inbound investment refers
More informationFOREIGN DIRECT INVESTMENT IN INDIA. Amit Aggarwal, Partner Sumit Phatela, Senior Associate SNG & PARTNERS, INDIA
FOREIGN DIRECT INVESTMENT IN INDIA Amit Aggarwal, Partner Sumit Phatela, Senior Associate SNG & PARTNERS, INDIA WHAT IS FOREIGN DIRECT INVESTMENT? Investment by non-resident entity/person resident outside
More informationInbound FDI and FEMA Policy
Inbound FDI and FEMA Policy WIRC ICAI 27 th Regional Conference 31 August 2012, Mumbai CA. Shabbir Motorwala Agenda An Overview - FDI Policy and FEMA 20 FDI Structural Framework FDI Key reporting / compliance
More informationInvestment by NRIs & PIOs. By CA G. Murali Krishna M. Com., ACS, ACA Mobile No
Investment by NRIs & PIOs By CA G. Murali Krishna M. Com., ACS, ACA Mobile No. 09849992493 Email What is FEMA FEMA stands for FOREIGN EXCHANGE MANAGEMENT ACT The act has been enacted by the Government
More informationInvestment in India by NRI Regulatory Framework. Rajesh P Shah Partner M/s. Jayantilal Thakkar Associates
Investment in India by NRI Regulatory Framework Rajesh P Shah Partner M/s. Jayantilal Thakkar Associates 1 2 Avenues available for NRIs Investment in Shares / Securities Repatriable investment Foreign
More informationForeign Source Funding Options
Foreign Source Funding Options 28 October, 2017 Index Inbound Investments FDI Policy Legal Framework & Regulators Typical Foreign Investment Windows FDI Policy at a glance Eligible Investors Foreign Funding
More informationDIVISION ONE GUIDE TO FDI POLICY
CONTENTS u Chapter-heads I-5 u FDI Policy at a Glance Issued on 17-4-2014 I-15 DIVISION ONE GUIDE TO FDI POLICY 1 BACKGROUND OF FOREIGN INVESTMENT IN INDIA 1.1 Introduction 1.3 1.1-1 Consolidated Circular
More informationFOREIGN DIRECT INVESTMENT
FOREIGN DIRECT INVESTMENT INDEX FOREIGN DIRECT INVESTMENT... 2 FDI CAP... 3 PROHIBITION ON INVESTMENT IN INDIA... 3 ELIGIBLE ENTITIES... 4 TYPE OF INVESTMENTS... 5 INVESTMENT IN SMALL SCALE INDUSTRIAL
More informationICAI-WIRC CONFERENCE ON FEMA
ICAI-WIRC CONFERENCE ON FEMA 19 th August, 2011 NEW CONSOLIDATED FDI POLICY : A COMPREHENSIVE ANALYSIS Presented by: Mr. Paresh P. Shah P.P. Shah & Associates Chartered Accountants Email: ppshahandassociates@gmail.com
More informationRESERVE BANK OF INDIA Foreign Exchange Department Central Office Mumbai RBI/ /15 Master Circular No. 15/ July 1, 2011
RESERVE BANK OF INDIA Foreign Exchange Department Central Office Mumbai - 400 001 RBI/2011-12/15 Master Circular No. 15/2011-12 July 1, 2011 To, All Category - I Authorised Dealer banks Madam / Sir, Master
More informationConsolidated FDI Policy (The article was published in the journal of Bombay Chartered Accountants Society in June 2010)
Consolidated FDI Policy 2010 Bombay Chartered Accountants Society Naresh Ajwani (The article was published in the journal of Bombay Chartered Accountants Society in June 2010) 1. Ministry of Commerce and
More informationForeign Direct Investment in Construction Industry
Foreign Direct Investment in Construction Industry CA Hetan Patel 6 Feb 2011 1 Types of Foreign Investments Foreign Investments Foreign Direct Investments Foreign Portfolio Investments Foreign Venture
More informationAN OVERVIEW ON FOREIGN DIRECT INVESTMENT (FDI)
SBS Hyderabad AN OVERVIEW ON FOREIGN DIRECT INVESTMENT (FDI) By Sunil Reddy Sama sunils@sbsandco.com Date: 16.09.2017 Objectives History of FDI in India Introduction Advantages Disadvantages Types of FDI
More informationAtul Mittal, Director Deloitte Touche Tohmatsu India Pvt. Ltd April, 2015
Atul Mittal, Director Deloitte Touche Tohmatsu India Pvt. Ltd April, 2015 Contents FEMA FDI Policy ODI Regulations ECB Policy Contraventions and Compounding Discussion 2 FEMA Legislation Provisions with
More informationRBI issues Master Direction on Foreign investment in India
RBI issues Master Direction on Foreign investment in India Foreign Investment in India is regulated in terms of clause (b) sub-section 3 of section 6 and section 47 of the Foreign Exchange Management Act,
More informationDos & Don ts under FEMA for NRIs
Seminar on Tax Planning for NRI Organized by The Western India Regional Council of The Institute of Chartered Accountants of India Dos & Don ts under FEMA for NRIs Natwar G. Thakrar Saturday, 27 th December,
More informationRECENT CHANGES IN FEMA AND FDI POLICY
RECENT CHANGES IN FEMA AND FDI POLICY 15 th June, 2016 Foreign Direct Investment (FDI): WHAT IS FDI FDI stands for Foreign Direct Investment, a component of a country's important source of investment.
More informationFDI Sector Specific Issues
FDI Sector Specific Issues NBFC/ Real Estate / Trading / Media - Anup P. Shah 20 th August, 2011 2 Days Conference on FEMA FDI & Instruments PRAVIN P. SHAH & CO. 2 Relevant Regulations Consolidated FDI
More informationRBI/ /20 Master Circular No. / 02 / July 1, 2006
RBI/2006-07/20 Master Circular No. / 02 /2006-07 July 1, 2006 To, All Banks Authorised to Deal in Foreign Exchange Madam/Sir, Master Circular on Foreign Investments in India Foreign investments in India
More informationPart I. Foreign Investments. Foreign Venture Capital Investments
Part I Foreign Investments in India Schematic Representation: Foreign Investments Foreign Direct Investments Foreign Portfolio Investments Foreign Venture Capital Investments Other investments (G-Sec,
More informationFDI in Real Estate Business
FDI in Real Estate Business WAYS IN WHICH FOREIGN INVESTMENT CAN BE MADE IN REAL ESTATE FDI by NRI in Indian company engaged in Real Estate Development FDI by persons resident outside India (e.g. LLP,
More informationPROFESSIONAL PROGRAMME
1 PROFESSIONAL PROGRAMME UPDATES FOR STRATEGIC MANAGEMENT, ALLIANCES AND INTERNATIONAL TRADE MODULE 3 (Relevant for Students Appearing in June, 2016 Examination) Disclaimer- This document has been prepared
More informationRESERVE BANK OF INDIA Foreign Exchange Department Central Office Mumbai
RESERVE BANK OF INDIA Foreign Exchange Department Central Office Mumbai - 400 001 RBI/2014-15/6 Master Circular No. 15 /2014-15 July 01, 2014 (Updated as on July 15, 2014) To, All Category - I Authorised
More informationDOING BUSINESS & WORKING IN INDIA
DOING BUSINESS & WORKING IN INDIA CHENNAI BANGALORE COIMBATORE HYDERABAD INTELLECTUAL PROPERTY CORPORATE LEGAL 2 CONTENTS 1. Introduction... 5 2. Available Structures For Testing the Waters... 7 3. Business
More informationFDI Policy + Industry Specific Issues
FDI Policy + Industry Specific Issues Real Estate / NBFC/ Trading / Media - Anup P. Shah 20 th April, 2011 Scope FDI & Instruments FDI in Real Estate FDI in NBFCs FDI in Trading FDI in Media & Entertainment
More informationDemystifying FEMA Investment in India. Dhinal Shah Chartered Accountant
Demystifying FEMA Investment in India Dhinal Shah Chartered Accountant Table of contents 1 2 3 4 5 6 7 8 9 10 Introduction Capital Account Transactions Current Account Transactions Foreign Investments
More informationAuriga Corporate Advisors.
Doing Business in India 1 Why India? Large Country with 28 States and 7 UT. Country rich in history, culture, religion & diversity. 22 Officially recognised languages 2 decades of Economic Liberalisation
More informationFOREIGN DIRECT INVESTMENT IN INDIA
FOREIGN DIRECT INVESTMENT IN INDIA INTRODUCTION The historical background of FDI in India can be traced back with the establishment of East India Company of Britain. British capital came to India during
More informationRBI/FED/ /60 FED Master Direction No. 11/ January 4, 2018 (Updated as on January 12, 2018)
RBI/FED/2017-18/60 FED Master Direction No. 11/2017-18 January 4, 2018 (Updated as on January 12, 2018) To, All Authorised Dealer Category I banks and Authorised banks Madam / Sir, Master Direction Foreign
More informationForeign Direct Investments and Indirect Foreign Investments. Seminar on FEMA WIRC MUMBAI 29 December 2018
Foreign Direct Investments and Indirect Foreign Investments Seminar on FEMA WIRC MUMBAI 29 December 2018 Road Map Overview of FEMA Regulations Important Definitions Capital Instruments by an Indian Company
More informationRESERVE BANK OF INDIA Foreign Exchange Department Central Office Mumbai Master Circular on Foreign Investment in India
RESERVE BANK OF INDIA Foreign Exchange Department Central Office Mumbai - 400 001 RBI/2012-13/15 Master Circular No.15 /2012-13 July 02, 2012 (Updated as on April 01, 2013) To, All Category - I Authorised
More informationChallenges in Entry for PEs in India & Investment Abroad
Challenges in Entry for PEs in India & Investment Abroad - Anup P. Shah 1 st February 2013 2 Days Real Estate Summit Hotel J.W. Marriott Challenges in Entry for PEs in India Types of PE Seed Investors
More informationFDI Recent changes in Policy, Sectoral and other developments. CA Shabbir Motorwala 22 December 2018 CTC - Intensive study course on FEMA Mumbai
FDI Recent changes in Policy, Sectoral and other developments CA Shabbir Motorwala 22 December 2018 CTC - Intensive study course on FEMA Mumbai 1 Contents Overview of FEMA Inbound Investment Recent Developments
More informationFOREIGN EXCHANGE MANAGEMENT ACT RECENT DEVELOPMENTS FOREIGN DIRECT INVESTMENTS (FDI)
FOREIGN EXCHANGE MANAGEMENT ACT RECENT DEVELOPMENTS IN FOREIGN DIRECT INVESTMENTS (FDI) Presented By: S.Dhanapal Senior Partner S DHANAPAL & ASSOCIATES Practising Company Secretaries Regulatory Framework
More informationFOREIGN DIRECT INVESTMENT POLICY A SYNOPSIS
FOREIGN DIRECT INVESTMENT POLICY 2017- A SYNOPSIS FDI is a responsibility for Indians & an opportunity for the world. My definition of FDI for the people India is First Develop India Narendra Modi Contents
More informationDo s & Don ts under FEMA for NRIs
Do s & Don ts under FEMA for NRIs 29 th January, 2011 WIRC of the Institute of Chartered Accountants of India Presented by CA Natwar G. Thakrar AGENDA Overview of FEMA Dos and don ts - General Meaning
More informationDepartment of Industrial Policy and Promotion. Ministry of Commerce and Industry. Government of India
Department of Industrial Policy and Promotion Ministry of Commerce and Industry Government of India CONSOLIDATED FDI POLICY (EFFECTIVE FROM OCTOBER 1, 2010) Government of India Ministry of Commerce & Industry
More informationRESERVE BANK OF INDIA Foreign Exchange Department Central Office Mumbai RBI/ /22 Master Circular No.2/ July 01, 2009
RESERVE BANK OF INDIA Foreign Exchange Department Central Office Mumbai - 400 001 RBI/2009-10/22 Master Circular No.2/2009-10 July 01, 2009 To, All Category - I Authorised Dealer banks Madam / Sir, Master
More informationGovernment of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion (FC Section) Circular 1 of 2014 Subject: Consolidated
Department of Industrial Policy and Promotion Ministry of Commerce and Industry Government of India Consolidated FDI Policy (Effective from April 17, 2014) Government of India Ministry of Commerce & Industry
More informationMASTER CIRCULAR ON FOREIGN INVESTMENT IN INDIA
-COPY OF- FEMA MASTER CIRCULAR NO. 15/2011-12 DATED 1-7-2011 MASTER CIRCULAR ON FOREIGN INVESTMENT IN INDIA Foreign investment in India is governed by sub-section (3) of section 6 of the Foreign Exchange
More informationFOREIGN DIRECT INVESTMENT OF INDIA
FOREIGN DIRECT INVESTMENT OF INDIA In the recent times, Indian economy has seen increase in number of investments from across the world. In order to make our economy investor-friendly various laws, rules
More informationFEMA Key aspect under FEMA Outbound investment. CA. M. Jagannathan WIRC presentation 22 nd September, 2018
FEMA Key aspect under FEMA Outbound investment CA. M. Jagannathan WIRC presentation 22 nd September, 2018 Why Outbound Investment? Promoting Global Business by Indian entrepreneurs Joint Ventures are medium
More informationIssue or Transfer of Shares under Exchange Control Regulation
Issue or Transfer of Shares under Exchange Control Regulation - Varatharaj Kumar April 21, 2017 Content Overview Issue of Shares / Compulsory Convertible Preference Shares / Compulsory Convertible Debentures/
More informationPRESENTATION ON UPDATES INBOUND & OUTBOUND INVESTMENTS AND EXTERNAL COMMERCIAL BORROWINGS FOR HYDERABAD CHAPTER - ICSI (03.03.
PRESENTATION ON UPDATES INBOUND & OUTBOUND INVESTMENTS AND EXTERNAL COMMERCIAL BORROWINGS FOR HYDERABAD CHAPTER - ICSI (03.03.2018) BY CS A SEKAR PCS & REGD. IP B.COM, FCMA, ACS,LLB STRUCTURE OF PRESENTATION
More informationPROFESSIONAL PROGRAMME
1 PROFESSIONAL PROGRAMME SUPPLEMENT FOR STRATEGIC MANAGEMENT, ALLIANCES AND INTERNATIONAL TRADE MODULE 3 - PAPER 5 (Relevant for Students Appearing in December, 2015 Examination) Disclaimer- This document
More informationFEMA Updates Foreign Exchange Management (Transfer or Issue of Security by a
FEMA Updates Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017 December 27, 2017 In Foreign Exchange Management Act, 1999 (FEMA) one of the
More informationForeign Direct Investments and Indirect Foreign Investments. Seminar on FEMA WIRC MUMBAI 5 August Isha Sekhri Ajay Sekhri and Company
Foreign Direct Investments and Indirect Foreign Investments Seminar on FEMA WIRC MUMBAI 5 August 2017 Isha Sekhri Ajay Sekhri and Company Road Map Role of RBI in FDI Regulations - Consolidated Circular
More informationForeign Investments in NBFCs Concerns & Limitations
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA Foreign Investments in NBFCs Concerns & Limitations September 3, 2011 Sahil Shah Karan Kalra Topics Key Regulations Types of NBFCs FDI Regime FII Route Setting-Up
More informationFDI POLICY - INDIA. Foreign Direct Investment Policy of India. (Effective from April 1, 2010)
FDI POLICY - INDIA Foreign Direct Investment Policy of India (Effective from April 1, 2010) Advocates & Corporate Legal Consultants A Full Service Law Firm New Delhi Mumbai Chennai New York www.indiajuris.com
More informationFEMA. Inbound & Outbound Investments. CA Chintan Gandhi. Partner
FEMA Inbound & Outbound Investments CA Chintan Gandhi Partner Viren Gandhi & Co Tel -+ 91 22 25903597 / +91 9920818466 Website: www.cavirengandhiandco.com Email: chintan@cavirengandhiandco.com Agenda I
More informationCHAPTER 42 INVESTMENT BY NON-RESIDENTS OF INDIAN NATIONALITY / ORIGIN AND FOREIGN INSTITUTIONAL INVESTORS
CHAPTER 42 INVESTMENT BY NON-RESIDENTS OF INDIAN NATIONALITY / ORIGIN AND FOREIGN INSTITUTIONAL INVESTORS 1 CHAPTER 42 INVESTMENT BY NON-RESIDENTS OF INDIAN NATIONALITY / ORIGIN AND FOREIGN INSTITUTIONAL
More informationShah & Modi CHARTERED ACCOUNTANTS
INTRODUCTION TO FEMA May, 2011 Preamble to FEMA Post liberalization (i.e. New Industrial policy of 1991) there was need to remove shackles of regulatory and legal provisions Need to consolidate and amend
More informationInternational Long Term Sources of Finance
International Long Term Sources of Finance International Sources of Finance Multilateral Sources: World Bank: International Bank for Reconstruction and Development (IBRD) International Development Agency
More informationNRI Investments in India & Overseas Investments by Indians
NRI Investments in India & Overseas Investments by Indians -Anup P. Shah 25th December, 2011 JB Nagar CPESC of WIRC PROI & NRI PRAVIN P. SHAH & CO. 2 Person Resident Outside India PRII S.2 Any person who
More informationGroup Company means two or more enterprises which, directly or indirectly, are in a position to:
Consolidated FDI Policy 2014- Changes vis-à-vis policy of 2013 The following article summarizes key changes in FDI policy of 2014 vis-à-vis FDI policy of 2013. The article also captures relevant A.P. (Dir
More informationForeign Direct Investment or FDI Policy in India
Foreign Direct Investment or FDI Policy in India Foreign Direct Investment or FDI means a direct investment by a non-resident entity or person resident outside India in India. This is encouraged in liberalised
More informationICAI WIRC Seminar. Dos and Don ts for NRIs. March 1, 2014 C.A. Rahul Manjrekar For Discussion purposes only
ICAI WIRC Seminar Dos and Don ts for NRIs 1 Contents Meaning - NRI and PIO? Dos and Don ts - General Emigrating Indians NRIs residing abroad Investment opportunities in India for NRIs Borrowing and Lending
More informationVaish Associates. Vaish Associates
Vaish Associates As per section 2 (m) of the Regulations, Joint Venture means a foreign entity formed, registered or incorporated in accordance with the regulations of the host country in which the
More informationJOINT VENTURES IN INDIA
WIRC FEMA CONFERENCE JOINT VENTURES IN INDIA CA Amit Amlani 19 August 2011 1 India Investment Destination India at a Glance Demographic Leverage Pre & Post Liberalization background Foreign Investment
More informationScheme of Presentation
FEMA ODI, LRS, FC A/CS S. Sathiyanarayanan Partner 23 DEC 2014 ICAI Beyond the boundary Scheme of Presentation Current Vs. Capital Acct Transactions ODI Statutory Basis ODI by Company, Firms, LLPs & Residents
More informationShah & Modi CHARTERED ACCOUNTANTS
FEMA The Chamber of Tax Consultants November 12 th, 2014 CA Manoj Shah Transition from Foreign Exchange Regulation Act, 1973 to Foreign Exchange Management Act, 1999 Post liberalization (i.e. New Industrial
More informationFEMA - Overseas Direct Investment SIRC Chennai April 22, Vivek Mallya, FCA, CPA (USA), M Com VIVEK MALLYA & CO, Bangalore April
FEMA - Overseas Direct Investment SIRC Chennai April 22, 2017 VIVEK MALLYA & CO, Bangalore 1 Quick Background Notes Definitions Context Automatic Route / Approval Route Investments by Individuals Reporting
More informationWIRC of ICAI CA, CS Sanjeev Shah
WIRC of ICAI CA, CS Sanjeev Shah Conversion of Company and Partnership Firm into Limited Liability Partnership (LLP) 24 February 2018 1 Contents Legislative background Overview and Key features of LLP
More informationUPDATE FOR ECONOMIC AND COMMERCIAL LAWS (Relevant for students appearing in December, 2015 Examination)
EXECUTIVE PROGRAMME UPDATE FOR ECONOMIC AND COMMERCIAL LAWS (Relevant for students appearing in December, 2015 Examination) MODULE 1 PAPER 3 Disclaimer- This document has been prepared purely for academic
More informationRegulatory Bulletin: Relaxation of Foreign Investment rules in India. November
Regulatory Bulletin: Relaxation of Foreign Investment rules in India vember 2017 www.krayman.com Relaxation of Foreign Investment rules in India As another step towards ease of doing business in India,
More informationForeign Direct Investments. A brief overview of FEMA Regulations By R. P. Sharma FCA., LL.B.
Foreign Direct Investments A brief overview of FEMA Regulations By R. P. Sharma FCA., LL.B. Foreign Direct Investment-Basics Meaning: Direct Strategic Investment by Non residents in Indian Entities. Policy
More informationJOINT VENTURE. Collaboration Agreements:
JOINT VENTURE A foreign company, depending upon its nature of business activities in India, may operate through an Indian company in any of the following manners:- As a joint venture with Indian partner
More informationArticle. RBI replaces Master Directions for Master Circulars. Team Vinod Kothari & Company 21 st January, 2015
Article RBI replaces Master Directions for Master Circulars Team Vinod Kothari & Company corplaw@vinodkothari.com 21 st January, 2015 Check at: http://india-financing.com/staff-publications.html for more
More informationCorporate Law Alert February 1, J. Sagar Associates advocates and solicitors. External Commercial Borrowing
External Commercial Borrowing The Reserve Bank of India (RBI) had vide A.P. (DIR Series) Circular No. 27 dated September 23, 2011 enhanced the External Commercial Borrowing (ECB) limits for eligible borrowers
More informationFOREIGN DIRECT INVESTMENT IN INDIA
FOREIGN DIRECT INVESTMENT IN INDIA Copyright Gopal Chopra & Associates 1 Contents 1.0 REGULATORY FRAMEWORK FOR FOREIGN DIRECT INVESTMENT (FDI) IN INDIA... 3 2.0 MEANING OF FDI IN INDIA... 3 3.0 ELIGIBLE
More informationInvestments by NRIs under Schedule 4 of TISPRO Regulations
Kishore Joshi and Prashant Prakhar 1 Investments by NRIs under Schedule 4 of TISPRO Regulations Introduction Non-resident Indians ( NRI ) are a group of people who, despite being settled overseas, have
More informationArticle. FDI in financial services sector:
FDI in financial services sector: Anita Baid Senior Manager Financial Services Division anita@vinodkothari.com finserv@vinodkothari.com 30 th April, 2018 Check at: http://vinodkothari.com/staffpublications.html
More informationFDI Policy Update. PwC. February 16, 2009
February 16, 2009 Guidelines for calculation of total foreign investment in Indian companies and transfer of ownership or control of Indian companies in sectors with investment limits from resident Indian
More informationRESERVE BANK OF INDIA (FOREIGN EXCHANGE DEPARTMENT) CENTRAL OFFICE Mumbai Notification No. FEMA 20(R)/ 2017-RB November 07, 2017
RESERVE BANK OF INDIA (FOREIGN EXCHANGE DEPARTMENT) CENTRAL OFFICE Mumbai 400 001 Notification No. FEMA 20(R)/ 2017-RB November 07, 2017 Foreign Exchange Management (Transfer or Issue of Security by a
More informationUPDATE FOR ECONOMIC AND COMMERCIAL LAWS
EXECUTIVE PROGRAMME UPDATE FOR ECONOMIC AND COMMERCIAL LAWS (Relevant for Students appearing in June, 2016) MODULE 1 - PAPER 3 Disclaimer- This document has been prepared purely for academic purposes only
More informationFEMA Recent developments K. RAMESH ADVOCATE
K. RAMESH ADVOCATE 1 1. FDI 40 of February 01, 2016 Reporting under FDI Scheme, Mandatory filing of form ARF, FCGPR and FCTRS on e-biz platform and discontinuation of physical filing from February 8, 2016
More informationUSD150,000, % Convertible Bonds due 2014
OFFERING CIRCULAR DATED 14 OCTOBER 2009 WELSPUN-GUJARAT STAHL ROHREN LIMITED (Incorporated in the Republic of India as a public company with limited liability under the (Indian) Companies Act, 1956 and
More informationWIRC - FEMA CONFERENCE. CA Amit Amlani
WIRC - FEMA CONFERENCE FDI AND INDIRECT FOREIGN INVESTMENTS CA Amit Amlani 25 July 2015 India - Global Investment Destination Foreign Direct Investment in India Indirect Foreign Investment Agenda INDIA
More informationRegister now for your free, tailored, daily legal newsfeed service. Register
Page 1 of 5 We use cookies to customise content for your subscription and for analytics. If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information
More informationUpdate on FEMA and FDI Provisions 12 th August 2018 J.B Nagar Study Circle ICAI CA. Sudha G. Bhushan
Equity and Assets Treatment under FEMA Governing Regulation under FEMA Update (1) SHAREHOLDERS FUND (a) Share capital Equity Share Capital (a) Issued and subscribed Fully paid up capital Equity Foreign
More informationFOREIGN DIRECT INVESTMENT IN INDIAN ECONOMY: PERFORMANCES AND CHANGING TRENDS IN THE POST REFORM PERIOD
Volume 6, Issue 7 (July, 2017) UGC APPROVED Online ISSN-2277-1182 Published by: Abhinav Publication Abhinav National Monthly Refereed Journal of Research in FOREIGN DIRECT INVESTMENT IN INDIAN ECONOMY:
More informationRBI/ / A. P. (DIR Series) Circular No. December, Reporting under FDI Scheme Transfer of Shares/Convertible Debentures - Revised procedure
RBI/2008-09/ A. P. (DIR Series) Circular No. December, 2008 To Madam / Sir, All Category - I Authorised Dealer Banks Reporting under FDI Scheme Transfer of Shares/Convertible Debentures - Revised procedure
More informationRBI revamps FDI Regulations
RBI revamps FDI Regulations By CS Vinita Nair, Partner Vinod Kothari & Company RBI vide notification No. FEMA 20(R)/ 2017-RB dated 7 th November 2017 issued Foreign Exchange Management (Transfer or Issue
More informationOVERSEAS DIRECT INVESTMENT
OVERSEAS DIRECT INVESTMENT CA. Deepender Kumar DEEPENDER ANIL & ASSOCIATES (Chartered Accountants) Head Office: 101, E-36, Jawahar park, Laxmi Nagar, Delhi-110092 Branch Office: Plot-5A, IInd Floor, Sector-3A,
More informationChamber of Tax Consultants
Chamber of Tax Consultants Inbound Investments Tax & Regulatory Aspects October 22, 2016 + 91 98861 20086 amithraj123@gmail.com Contents Entry Options for FDI Funding Options Downstream Investments FDI
More informationOverview of Foreign Exchange Management Act and Regulations
Overview of Foreign Exchange Management Act and Regulations The Beginners Study Course on Foreign Exchange Management Act WIRC May 09, 2013 CA Manoj Shah Transition from Foreign Exchange Regulation Act,
More informationRecent changes in Foreign Investment Policy & FEMA with selected International Tax aspects / implications
Recent changes in Foreign Investment Policy & FEMA with selected International Tax aspects / implications CA. Shabbir Motorwala NIRC ICAI FEMA Conference New Delhi 19 December 2015 Contents Broad Coverage
More informationSUPPLEMENT FOR ECONOMIC AND COMMERCIAL LAWS MODULE 1 PAPER 3
SUPPLEMENT FOR ECONOMIC AND COMMERCIAL LAWS MODULE 1 PAPER 3 The study material Economic and Commercial Laws available on the web link: https://www.icsi.edu/media/webmodules/publications/ec L-AUGUST_2017.pdf.
More informationFEMA. An Overview and Update. Sudhakar. G / Shruti. KP 09 June ICAI Bangalore Branch
FEMA An Overview and Update Sudhakar. G / Shruti. KP 09 June 2012 ICAI Bangalore Branch The Road to FEMA That s the 70s show Foreign Exchange Regulation Act, 1973 (FERA) enacted in the 70s when environment
More informationOVERSEAS DIRECT INVESTMENT
OVERSEAS DIRECT INVESTMENT 29 th December 2018 WIRC of ICAI By: CA Manoj Shah Overseas Direct Investments (ODI) Significance of ODI Promoting global business by Indian entrepreneurs. Promote economic and
More informationICAI NIRC. ODI, LRS, ECB & FEMA Updates. CA. Amithraj AN. April 25,
ICAI NIRC ODI, LRS, ECB & FEMA Updates April 25, 2015 + 91 98861 20086 amithraj123@gmail.com Contents ODI Regulations LRS Updates ECB & NCD Round Tripping Issues Overview of Indian Tax Concepts Options
More informationForeign Direct Investment in India
Foreign Direct Investment in India February 7, 2007 Investing in India Entry Routes Investing in India Automatic Route Prior Permission (FIPB) General rule No prior permission required Only information
More informationForeign Direct Investment Policy and Schedule I. Moin Ladha, Associate Partner, Khaitan & Co 15 December 2017
Foreign Direct Investment Policy and Schedule I Moin Ladha, Associate Partner, Khaitan & Co 15 December 2017 About Us Heritage Firm Trusted lawyers to leading business houses, MNCs and government since
More informationRESERVE BANK OF INDIA Foreign Exchange Department Central Office Mumbai
RESERVE BANK OF INDIA Foreign Exchange Department Central Office Mumbai - 400 001 RBI/2013-14/490 A.P. (DIR Series) Circular No. 102 February 11, 2014 To All Category - I Authorised Dealer banks Madam
More informationMay 19, Issue 136. Annual Return on Foreign liabilities and assets.
May 19, 2017 - Issue 136 RBI updates reporting under FEMA RBI ( Reserve Bank of India ) has vide notification dated May 15,2017 updated Master Direction Reporting under Foreign Exchange Management Act,
More informationGovernment of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion SIA(FC Section) Press Note 7 (2008)
Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion SIA(FC Section) Press Note 7 (2008) Subject: Consolidated policy on Foreign Direct Investment. After the
More informationCTC New Delhi. Outbound Investments. FEMA Overview. CA. Amithraj AN. June 7,
Outbound Investments FEMA Overview + 91 98861 20086 amithraj123@gmail.com June 7, 2014 Contents FEMA Regulations Round Tripping Overview of Indian Tax Concepts Options for Investing 2 Section 1 FEMA Regulations
More informationFOREIGN DIRECT INVESTMENT IN INDIA. (Policies, Procedure and Legal Framework) Activities/items that require an Industrial Licence
FOREIGN DIRECT INVESTMENT IN INDIA (Policies, Procedure and Legal Framework) India is one of the fastest growing economies since last few years and witnessed a large amount of Foreign Investment in various
More information