INVESTMENT OUTSIDE INDIA

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CA Ashish Kumar Sharma (Querist)
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05 February 2020 Plz help
What are the acts and procedures to be followed by a client in India while investing in a firm/company located at thailand (investing in a foreign business)..??
Thanks in advance for the reply.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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06 February 2020 The guidelines have been notified by the Reserve Bank of India vide Notification No. FEMA 120/RB-2004 dated July 7, 2004, as amended from time to time, which can be accessed at the Reserve Bank’s website https://www.rbi.org.in/scripts/Fema.aspx. A Master Direction titled ‘Master Direction on Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad’ has been issued. The Master Directions consolidate instructions on rules and regulations framed by the Reserve Bank under various Acts including banking issues and foreign exchange transactions and is available at ‘Notification’ Section on RBI’s website https://www.rbi.org.in.

Any further clarifications in respect of cases not specifically or generally covered by the instructions may be obtained from the concerned Authorized Dealer(AD) bank. If, however AD bank fails to provide satisfactory reply, a request may be made, giving full details of the case, to the Central Office of the Reserve Bank by routing it through AD bank at the following address:

The Chief General Manager
Reserve Bank of India
Foreign Exchange Department
Overseas Investment Division
Central Office, Amar Building, 5th Floor
Mumbai 400 001. or by e-mail

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