foreign investment
This query is : Resolved
06 May 2011
one foreign party wants to invest in a trust in India . I dont know the procedure for that. Please tell me what kind of procedure should taken place for this ? tell me the registration procedure if any under fema and also fcrn form.
CA. Anuj Gupta
(Expert)
08 May 2011
My understanding of your query is that "the foreign party wants to DONATE to a trust in India". In that case provisions of FCRA Act(recently amended) shall come into the picture .
Otherwise there is no provision of investment in a TRUST by any foreign party.
Other portions of your query can be answered only on confirmation of my understanding.
Anuj
0-9810106211
Otherwise there is no provision of investment in a TRUST by any foreign party.
Other portions of your query can be answered only on confirmation of my understanding.
Anuj
0-9810106211
01 August 2011
Dear Sir,
I beg to defer as FDI in Trusts is permitted but it is subjected to following restrictions
o Trust is Venture capital Fund.
o It is permitted only under approval route.
Please follow the link: https://dipp.nic.in/English/Policies/FDI_Circular_012011_31March2011.pdf
Regards,
CA. Sudha G. Bhushan
Sudhag999@gmail.com
I beg to defer as FDI in Trusts is permitted but it is subjected to following restrictions
o Trust is Venture capital Fund.
o It is permitted only under approval route.
Please follow the link: https://dipp.nic.in/English/Policies/FDI_Circular_012011_31March2011.pdf
Regards,
CA. Sudha G. Bhushan
Sudhag999@gmail.com
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