Reserve Bank of India

Overseas Direct Investments – Rationalisation of Form ODI: RBI Vide RBI/2012-13/171 A. P. (DIR Series) Circular No.15 informed that in terms of Regulation 15(iii) of the Notification ibid, an Indian Party is required to submit to the Reserve Bank through the Authorised Dealer every year within 60 days from the date of expiry of the …

RESERVE BANK OF INDIA (RBI) Read More »

Reserve Bank of India (RBI) vide  A.P. (DIR Series) Circular No. 73 dated 29th June, 2011 Liberalized Overseas Direct Investment provisions    relating   to   transfer by way of sale of shares of a joint venture or wholly owned subsidiary (JV or WOS) outside India with and without write off upon  fulfillment of certain conditions.

RBI vide A. P. (DIR Series) Circular No. 74 dated 30th June, 2011 specified the issue equity, preference shares under the government route of the foreign direct investment scheme     for    specified     categories     and payments shall be made directly by the    foreign investor to  the company. Payments made through third parties citing the …

Foreign Direct Investment (FDI) in India – Issue of equity shares under the FDI Scheme allowed under the Government rout Read More »

The RBI vide a recent circular, dated May 27, 2011 has made certain changes to the  prevailing ODI Regulations. The objective is to provide operational flexibility to Indian Corporates having investment abroad. Some of the changes brought about are with respect to: Performance Guarantees issued by the Indian Party. Restructuring of the balance sheet of …

Overseas Direct Investment, Liberalization/Rationalization Read More »

RBI vide Notification DNBS. 227 & 228 / CGM(US)-2011 dated 30th March 2011 has  decided to prohibit NBFCs from contributing capital to any partnership firm or to be partners in partnership firms. In cases of existing partnerships, NBFCs may seek early retirement from the partnership firms.

The Reserve Bank of India vide its earlier circular dated 29th June, 2010 had enhanced the period of realization and repatriation to India of the amount representing the full export value of goods or software exported, from six months to twelve months from the date of export. This relaxation was up to March 31, 2011. RBI has vide …

Export of Goods and Software – Realisation and Repatriation of export proceeds – LiberalExport of Goods and Software – Realisation and Repatriation of export proceeds – LiberalExport of Goods and Software – Realisation and Repatriation of export proceeds – Liberalisation Read More »

To provide structured flexibility and easiness to the resident/non-resident shareholders of Indian Company, Reserve Bank of India vide its Circular RBI/2010-11/ 498 A. P. (DIR Series) Circular No. 58 dated May 02, 2011 has decided to permit AD category  -1 banks to open and maintain, without prior approval of the Reserve Bank, non-interest bearing Escrow accounts in Indian Rupees in India on …

ESCROW Accounts for securing FDI transactions Read More »

Reserve Bank of India vide its Circular RBI/2010-11 /497 A. P. (DIR Series) Circular No. 57 dated May 02, 2011 has reviewed the guidelines relating to Pledge of Shares by non-resident investor. RBI delegated its powers to the AD Category – I banks to allow pledge of shares of an Indian  company  held  by   non-resident …

Pledge of Shares for Business purposes Read More »

The Reserve Bank of India vide Circular No. 45/RBI/2010-11/427 dated 15th March, 2011, has discontinued the Part B of Form FC-GPR and introduced “Annual Return on Foreign Liabilities and  Assets” to be reported by Indian Companies in respect of foreign liabilities and assets. The return should be submitted by July 15 of every year.