foreign investment

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pratik (Querist)
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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

CA. Anuj Gupta (Expert)
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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

Sudhag

Sudhag (Expert)
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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: http://dipp.nic.in/English/Policies/FDI_Circular_012011_31March2011.pdf

Regards,
CA. Sudha G. Bhushan
Sudhag999@gmail.com

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