https://www.taxtmi.com/circulars?id=6377 Foreign investment under FEMA is effected via the Automatic Route (no prior approval) or Government Route (prior FIPB/Government approval) and is subject to sectoral caps, prohibited activities, investor eligibility rules (including special treatment for NRIs, PIOs, OCBs and investors from Nepal/Bhutan) and permitted instruments (equity, fully mandatorily convertible debentures/preference shares). The circular prescribes pricing/valuation norms, strict timelines for issuing shares after receipt of consideration, extensive reporting in specified forms (Advance Reporting Form, FC-GPR, FC-TRS), KYC and documentation requirements, conditions for transfers and remittances, conversion of ECB/royalty/imports into equity, and rules for immovable property acquisition and establishment/closure of foreign offices in India. en-us Wed, 01 Jul 2009 00:00:00 +0530 Thu, 02 Jul 2009 08:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6377 Foreign investment under FEMA is effected via the Automatic Route (no prior approval) or Government Route (prior FIPB/Government approval) and is subject to sectoral caps, prohibited activities, investor eligibility rules (including special treatment for NRIs, PIOs, OCBs and investors from Nepal/Bhutan) and permitted instruments (equity, fully mandatorily convertible debentures/preference shares). The circular prescribes pricing/valuation norms, strict timelines for issuing shares after receipt of consideration, extensive reporting in specified forms (Advance Reporting Form, FC-GPR, FC-TRS), KYC and documentation requirements, conditions for transfers and remittances, conversion of ECB/royalty/imports into equity, and rules for immovable property acquisition and establishment/closure of foreign offices in India. Circulars FEMA Wed, 01 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6377