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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Indian parties can acquire foreign companies through bidding under Regulation 14 with dealer permits and reporting requirements</h1> Regulation 14 of FEMA governs acquisition of foreign companies through bidding procedures by eligible Indian parties. Authorized dealers may permit remittances for earnest money deposits or issue bid bond guarantees for participation in bidding processes. Upon winning bids, dealers allow further remittances subject to specified ceilings, with parties required to submit reports within 30 days. For acquisitions outside standard provisions, Reserve Bank approval is required through prescribed forms. Successful bidders must either obtain additional approval if terms differ from regulations or submit compliance reports within specified timeframes.
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