FEMA query

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Hi Friends i have a query. what will be the procedure and treatment of following in FEMA:

1) Purchase of Intellectual Property Rights and Intangible Assets from and Indian Company by a USA based Company-is the transaction under autoimatic approval route and hoe the reporting of reciept of consideration will be done

2)Licensing by a USA based Company to Indian Operating Company (WOS of the same) for use of IPR and Intangible Assets- now as per the new press note 8 dated 16.12.2009The Government of India has reviewed the extant policy and permitted payments for royalty, lumpsum fee for transfer of Technology and payments for use of trademark/ brand name on the Automatic Route without approval of Govt of India  but have also mentioned subject to FEMA(Current account transactions) Rules 2000 so whats the effect

Replies (1)

Hello,

 

You can please visit for more details on the subject:

 

https://rvseckarfema.blogspot.com/2011/02/foreign-technology-colloborations.html

 

Thanks,

 

R.V.Seckar

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