Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2018 - 20(R) (3)/2018-RB - Foreign Exchange Management
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Downstream investment notification: new 30 day filing requirements for Form DI and Form InVi after allotment or unit issuance. Amendments to Regulation 13 delete clause (1) of sub regulation 13.1 and replace clause (11) to require notification of Downstream Investment to the government Secretariat within 30 days, even if capital instruments are not allotted, and to specify investment modality. They require filing Form DI with the central banking authority within 30 days from allotment of capital instruments for downstream investments deemed indirect foreign investment, and require filing Form InVi within 30 days from issue of units by investment vehicles issued to persons resident outside India.
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.
Downstream investment notification: new 30 day filing requirements for Form DI and Form InVi after allotment or unit issuance.
Amendments to Regulation 13 delete clause (1) of sub regulation 13.1 and replace clause (11) to require notification of Downstream Investment to the government Secretariat within 30 days, even if capital instruments are not allotted, and to specify investment modality. They require filing Form DI with the central banking authority within 30 days from allotment of capital instruments for downstream investments deemed indirect foreign investment, and require filing Form InVi within 30 days from issue of units by investment vehicles issued to persons resident outside India.
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