Upcoming Events India

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Upcoming Events Italy

11:00 am Bologna Children’s Book Fair
Bologna Children’s Book Fair
Apr 1 @ 11:00 am – Apr 4 @ 5:00 pm
ITA is organizing a delegation for Bologna Children’s Book Fair, the most important international event in publishing for young audiences, especially dedicated to the exchange of editorial rights and complete with a prestigious awards ceremony. [...]
5:49 am OroArezzo
Apr 6 @ 5:49 am – Apr 9 @ 6:49 am
The 2019 edition of the fair ‘OROAREZZO’, will take place in Arezzo – Italy from 6 – 9 April 2019. OROAREZZO is a strategic promotion platform for Made in Italy gold and jewellery, attended by the[...]
5:35 am Pharmintech
Apr 10 @ 5:35 am – Apr 12 @ 6:35 am
The Italian Trade Agency, in collaboration with Pharmintech Srl (a Company of the Bologna Fiere Group) are organizing a sponsored delegation for selected Indian buyers to Pharmintech, Italy from the 10th to the 12th of April 2019. The nutritional and biotech sectors, medical[...]
May 6 @ 5:48 am – May 9 @ 6:48 am
TUTTOFOOD is one of the biggest international B2B show’s dedicated to food & beverage which is organised by Fiera Milano to be held from the 6th to 9th May 2019 in Milan. The Italian Trade Agency, in collaboration with Fiera[...]
5:43 am Expodental Meeting
Expodental Meeting
May 16 @ 5:43 am – May 18 @ 6:43 am
The Italian Trade Agency, in collaboration with UNIDI – Italian Dental Industries Association and The Italian Exhibition Group, are organizing a sponsored delegation for selected Indian buyers to Expodental Meeting, in Rimini, Italy from the  16th to 18th of May 2019 ). Expodental Meeting is a showcase[...]

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