FOREIGN EXCHANGE MANAGEMENT (TRANSFER OR ISSUE OF SECURITY BY A PERSON RESIDENT OUTSIDE INDIA) REGULATIONS, 2000 (From Regulation 1 to Regulation SCHEDULE 11)
SCHEDULE 01 - Purchase by a person resident outside India of equity/preference/convertible preference shares and convertible debentures issued by an Indian company - SCHEDULE I
Foreign Exchange Management (Transfer or Issue Of Security By A Person Resident Outside India) Regulations, 2000
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Foreign direct investment rules: conditions and reporting for non-resident acquisition of Indian company securities under FEMA Schedule I. Schedule I prescribes eligibility, entry routes and conditions for non-residents to acquire Indian company securities under FEMA: acquisitions occur via the automatic or Government approval route per Annexes A and B and FDI policy; sectoral caps are composite and conversion of debt to equity is counted towards the cap. Pricing must follow SEBI or arm's-length certified valuation; payment is by inward remittance, NRE/FCNR debit or compliant escrow, with refunds if not issued within prescribed period unless RBI permits retention. Detailed reporting (Advance report, FC-GPR, FC-TRS, ECB-2) and valuation and compliance certificates accompany filings; issuer companies bear the onus of compliance.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Foreign direct investment rules: conditions and reporting for non-resident acquisition of Indian company securities under FEMA Schedule I.
Schedule I prescribes eligibility, entry routes and conditions for non-residents to acquire Indian company securities under FEMA: acquisitions occur via the automatic or Government approval route per Annexes A and B and FDI policy; sectoral caps are composite and conversion of debt to equity is counted towards the cap. Pricing must follow SEBI or arm's-length certified valuation; payment is by inward remittance, NRE/FCNR debit or compliant escrow, with refunds if not issued within prescribed period unless RBI permits retention. Detailed reporting (Advance report, FC-GPR, FC-TRS, ECB-2) and valuation and compliance certificates accompany filings; issuer companies bear the onus of compliance.
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