Acquisition and Transfer of Immovable Property in India
The acquisition and transfer of immovable property in India by Non-resident Indians (NRI) / persons of Indian origin (POI)/overseas citizens of India (OCI) are governed by the Foreign Exchange Management (Acquisition and Transfer of immovable property in India) Regulations, 2018. The acquisition and transfer of immovable property in India by Non-resident have been clearly notified by the Reserve Bank […]
Remittance of Assets
Quick Read about Remittance of assets inside/outside India, Sale of Residential Property outside or inside India by NRI/PIO or Purchase of Residential Property outside/inside India by NRI/PIO, and circumstances under which Repatriation of sale of immovable property is allowed What is the remittance of Assets? It means Remittance of assets Inside/Outside India of any funds which will be held as a deposit with a bank/firm/company. How much the […]
Acquisition of Agricultural Land in India by NRI/PIO
Acquisition of Agricultural Land in India, Many NRI’s Who stay out of India are keen to know whether they can acquire or Transfer Agricultural land in India or Not. And Some times they are also interested to know whether they can acquire Agricultural land/farmhouses & Plantation Property by the way of Gift, inheritance or not. […]
General Guidelines for Imports under FEMA
What is the time limit for the settlement of import payments? Import payments should be settled down within a period of 6 months from the date of shipment. Can an extension be granted for settlement of import payments and which authority is liable to grant an extension? Yes, an extension of extra 3 years can […]
General Guidelines for Exports Services under FEMA
The full value of export of goods shall be received through an AD bank in the manner specified under foreign exchange Management (manner of receipt and payment) Regulations, 2000, and payment can be made in the form of a bank draft, pay order, banker’s or personal cheques, foreign currency notes/foreign currency travelers’ cheques or international […]
Branch Offices in India by Foreign Entities
Foreign Entities has an option for establishing a Branch Office, Liaison Office, Project Office or any other place of business in India, under FEMA Act, 1999. Permitted Activity of Branch Office in India: Companies incorporated outside India and engaged in manufacturing or trading activities are allowed to set up Branch Offices in India and undertake the following activities in India; […]
Investment by an Indian Resident outside India
An Indian person can make an investment in outside India, either under the Automatic Route or the Approval Route. What are the General Permissions available to persons (Individual) Resident in India for Purchase / Acquisition of Securities? General permission has been granted to persons (individual) resident in India for purchase/acquisition of securities as under: a) Out […]
Merchanting Trade Transactions under FEMA
When an Indian transactions goods from one foreign country to another foreign country it is known as Merchanting transactions. What are the conditions that are required to be fulfilled for Merchanting trade transactions? The supplier of goods will be resident in one foreign country; The buyer of goods will be resident in another foreign country; […]
Overseas Investment by Proprietorship Concerns/Registered Trust or Society
.1. How can overseas investment by proprietorship concerns be done? The proprietorship concerns and unregistered partnership firms have been allowed to set up a Joint Venture outside India with the prior approval of RBI subject to satisfying certain eligibility criteria. Investments by established proprietorship or unregistered partnership exporter firms are subject to the following criteria; […]
