Monthly Archives: February 2014
Revised form FC-GPR for reporting issue of shares and convertible debentures under Foreign Direct Investment (FDI) scheme
February 12 2014
Foreign Direct Investment in an Indian entity by an NRI/Foreign Entity in the form of shares or by way of Convertible Debentures is required to be reported to RBI in Form FC-GPR within 30 days of issue of such shares/convertible debentures.
RBI has now revised such Form FC-GPR to gather additional details such as Brownfield/Greenfield investments and the date of incorporation of investee companyRead More
February 8 2014
A subsidiary company carrying on business in India controlled by a foreign holding company - whether such legal control is enough to term Subsidiary Company as a PE of its foreign holding company?Read More
In a recent ruling the Delhi Court in the case of E-Funds Corporation, while deciding on a number of issues like: fixed place PE, Service PE, Agency PE, Apportionment of Profits to a PE has dealt with a very interesting issue for Multinational Companies (MNCs) wishing to establish a Subsidiary Company in India.