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.
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Putting a heading on received mail
- Consolidated financials
- Reprocessing of rectification order AY 2025-26
- Section 50-fixed asset-->building ceases to exist
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Regarding Applicability of Tax Audit u/s 44AB
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
