RBI Mandates Reporting for Partly Paid Investment Vehicle Units Issued to Non-Resident Investors Under FEMA Guidelines

RBI Mandates Reporting for Partly Paid Investment Vehicle Units Issued to Non-Resident Investors Under FEMA Guidelines https://www.taxtmi.com/highlights?id=88722 RBI circular addresses reporting requirements for partly paid units issued by investment vehicles to non-resident investors. Investment vehicles are mandated to file Form InVI within 30 days of unit issuance. For units issued prior to this circular, a special 180-day reporting window is provided without late submission penalties. Subsequent issuances must adhere to the original 30-day reporting timeline under Foreign Exchange Management (Non-debt Instruments) Regulations, 2019. The directive becomes immediately effective, empowering AD Category-I banks to implement these guidelines and notify relevant constituents, with legal authority derived from FEMA sections 10(4) and 11(1). en-us Sat, 24 May 2025 10:17:17 +0530 Sat, 24 May 2025 10:17:16 +0530 TaxTMI RSS Generator RBI Mandates Reporting for Partly Paid Investment Vehicle Units Issued to Non-Resident Investors Under FEMA Guidelines https://www.taxtmi.com/highlights?id=88722 RBI circular addresses reporting requirements for partly paid units issued by investment vehicles to non-resident investors. Investment vehicles are mandated to file Form InVI within 30 days of unit issuance. For units issued prior to this circular, a special 180-day reporting window is provided without late submission penalties. Subsequent issuances must adhere to the original 30-day reporting timeline under Foreign Exchange Management (Non-debt Instruments) Regulations, 2019. The directive becomes immediately effective, empowering AD Category-I banks to implement these guidelines and notify relevant constituents, with legal authority derived from FEMA sections 10(4) and 11(1). Highlights FEMA Sat, 24 May 2025 10:17:17 +0530 https://www.taxtmi.com/highlights?id=88722