Following are the broad procedures from FEMA perspective that needs to be followed for ODI investment in India before FDI receipt of Funds

Following are the broad procedures from FEMA perspective that needs to be followed for ODI investment in India before FDI receipt of Funds


Following are the broad procedures from FEMA perspective that needs to be followed for ODI investment in India before FDI receipt of Funds

Step -1 Online application portal for the entity master form ( the RBI introduced an online portal called the Foreign Investment Reporting and Management System ("FIRMS"), under which every Indian entity, with existing direct or indirect foreign investment, was required to provide certain information to the RBI in the entity master form (the "EMF"), through the website of FIRMS) Basically it is Initial registration for an Entity.

Step -2 KYC of Foreign remitter with Funds

In swift message for Funds, Field 72 must mention---Share capital or Capital Infusion or Purchase of Share capital etc

KYC must contain 6 points

Know Your Customer (KYC) Form in respect of the non-resident investor

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