Clarification on "indian party" in fema

Under FEMA, the definition of the term "Indian Party" does not include Individuals.

So, are the Obligations of the Indian Party mandatory for Individuals as well?

Also, what are the restrictions/prohibitions on an individual investing in JV/WOS abroad?

Replies (2)
Hi ,

Refer the faqs on odi along with the LRS scheme.

an individual can invest in jv or subsidiaries abroad.

the obligation will apply to individuals as well. for eg submission of share certificates , annual performance report etc.

also the odi form mentions Resident Individual / Indian Party.

so according to me the restrictions obligations etc. as applicable to IP equally applies to resident individual read with LRS Scheme.
Thank u sir.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 28 July 2026
Article/Intern/Semi-Qualified/Fresher B.Com

VNSS & Co

Mumbai

Others

View Details
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
ARTICLESHIP 16 July 2026
CA Article

Pipara & Co. LLP.

Mumbai

CA Inter

View Details
Company
23 July 2026
Senior Accountant

Felicity Adobe LLP

Bengaluru

CA Inter

View Details
Company
14 July 2026
Senior Executive/ Manager

H S SHARMA AND CO

Pune

CA Final

View Details
Company
Featured 16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT, CA SemiQualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
29 July 2026
ACCOUNTANT

ONESTEP GST SOLUTION

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 July 2026
CA Articles

Kinjal H Shah & Co.

Mumbai

CA Foundation

View Details
Follow