Foreign Direct Investment – Reporting of issue / transfer of ‘participating interest/right’ in oil fields to a non resident as an Foreign Direct Investment transaction .

Foreign Direct Investment – Reporting of issue / transfer of ‘participating interest/right’ in oil fields to a non resident as an Foreign Direct Investment transaction . https://www.taxtmi.com/circulars?id=11381 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. en-us Wed, 16 Nov 2011 00:00:00 +0530 Wed, 16 Nov 2011 15:06:00 +0530 TaxTMI RSS Generator Foreign Direct Investment – Reporting of issue / transfer of ‘participating interest/right’ in oil fields to a non resident as an Foreign Direct Investment transaction . https://www.taxtmi.com/circulars?id=11381 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. Circulars FEMA Wed, 16 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11381