Upcoming Events India

5:30 pm Olive Oil Tasting
Olive Oil Tasting
Nov 20 @ 5:30 pm – 8:00 pm
Mumbai, ITA in collaboration with the Consul general of Italy and The Italian National Association of Olive Oil invites you to an Olive Oil tasting session held by the Vice President of the Association, Mr.[...]
12:04 pm Cosmoprof Roadshow: Delhi
Cosmoprof Roadshow: Delhi
Dec 13 @ 12:04 pm – 1:04 pm
For 51 years, Cosmoprof Worldwide Bologna has been the leading 360° worldwide event for the professional beauty sector and a reference event for the international beauty community, with more than 250,000 professionals, opinion leaders and experts from all over the world in[...]

Upcoming Events Italy

11:55 am ANIMA Export Day
ANIMA Export Day
Dec 3 @ 11:55 am – Dec 5 @ 12:55 pm
ITA in association with ANIMA – Federation of Associations of Mechanical and Engineering , is organizing a delegation to Milan for “Export Day ANIMA“, scheduled for 3 December in Milan at the Hotel Melia,  ITA is organizing a delegation of about 50[...]
11:45 am ANIE Open Days
ANIE Open Days
Jan 20 @ 11:45 am – Jan 23 @ 12:45 pm
ITA is organizing a delegation for Indian companies in the Infrastructure, Smart Cities and Railway sectors to ANIE Open days. The event taking place in Milan will feature the latest technologies from the 1300 company[...]

One Stop Form for Foreign Investments in Indian Entities

Contributed by Ruchi Biyani of Nishith Desai and Associates

Foreign investments made in Indian companies or limited liability partnerships by way of allotment or transfer of equity shares are required to be reported to the federal bank in India, i.e. the Reserve Bank of India (RBI), through the authorized dealer banks. Recently there has been a paradigm shift in the reporting regime, where the regulator has introduced a single master form for various kinds of reporting as compared to the earlier regime where multiple reporting were required for different legs of the same or multiple transactions.

The above said change is proposed to be implemented in two steps, first being reporting of master entity form by all Indian investee entities on the RBI portal within a window of 15 days. The deadline for the entity master form filing expires on July 12, 2018. The second step of its implementation would completely replace the old model of reporting, where the investee entities or the resident transferors/transferees, as the case may be, were required to do the filing on e-Biz portal (i.e. a Government portal designated for reporting, among others, to the RBI), with a new platform to be created on the RBI’s website.

These changes would further ease doing business in India for foreign investors who already are subject various sectoral restrictions and monitoring by various enforcement agencies in the country. In such circumstances, the proposal to consolidate multiple reporting under FEMA into one single master form is a much needed relief and should attract more investors towards the Indian market. You can read detail information about the new reporting regime and analysis by Nishith Desai Associates by clicking here.

To reach out to the author, please contact: ruchi.biyani@nishithdesai.com