Fdi -fipb

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 March 2013 hai sir!!!

We are comes under 100% automatic route, we already received the funds through authorized delar from the NRI for share application money. we already send the intimation to RBI about the funds received,we are not liable for prior approval from FIPB.

whether FIPB intimation also required??? or not.

Please clarify my doubt

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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06 March 2013 FIPB approval is required when the FDI is under government route. In your case it comes under 100% automatic route so you need not get approval from FIPB.

Querist : Anonymous

Querist : Anonymous (Querist)

06 March 2013 thanks abhi sir!!!

i have one doubt??

any intimation is required???

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