Foreign Direct Investment – Reporting under FDI Scheme

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..... ovisions of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations 2000 , notified by the Reserve Bank vide Notification No.FEMA 20/2000-RB, dated 3rd May 2000 , as amended from time to time. 2. The Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, Government of India has, vide Press Note 4 (2014 Se .....

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..... versa, are required to be reported by the transferor/transferee resident in India to the AD Bank in form FCTRS, within 60 days from the date of receipt or payment of the amount of consideration. Indian companies are required to report the NIC Codes in the FCGPR and FCTRS forms as per the NIC 2008 version, henceforth. 3. It has also been decided to introduce a uniform State and District code l .....

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