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Fdi

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(Querist)
29 June 2015 can anyone tell that what are the provisions if trust has accepted the foreign investment without approval from FIPB???? and what are the compliances for a trust to accept FDI in india???
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Pratik Shah

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Pratik Shah (Expert)
01 July 2015 Trust can not take FDI as per FEMA Act. It is a serious violation of law.

Trust can take only foreign contribution (donation from abroad) under Foreign Contribution Regulation Act.
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