Foreign Direct Investment – Reporting of issue / transfer of ‘participating interest/right’ in oil fields to a non resident as an Foreign Direct Investment transaction .
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Foreign Direct Investment: issue or transfer of participating interest in oil fields to non-residents treated as FDI and must be reported. Issue or transfer of participating interest/rights in oil fields to non-residents is to be treated as Foreign Direct Investment under the FEMA Regulations; transfers must be reported as 'other' under Para 7 of Form FC-TRS and issuances as 'other' under Para 4 of Form FC-GPR, with implementing amendments to the Regulations to be notified separately.
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: issue or transfer of participating interest in oil fields to non-residents treated as FDI and must be reported.
Issue or transfer of participating interest/rights in oil fields to non-residents is to be treated as Foreign Direct Investment under the FEMA Regulations; transfers must be reported as 'other' under Para 7 of Form FC-TRS and issuances as 'other' under Para 4 of Form FC-GPR, with implementing amendments to the Regulations to be notified separately.
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