What documents are needed for Foreign Direct Investment (FDI) compliance in my Kozhikode company?
RO Asked by Rohit Deshmukh from India
Quick Answer
FDI is regulated under the FEMA (Non-Debt Instruments) Rules and the FDI Policy issued by DPIIT, with sectoral caps and entry routes for your Kozhikode company.
Detailed Legal Analysis
FDI is regulated under the FEMA (Non-Debt Instruments) Rules and the FDI Policy issued by DPIIT, with sectoral caps and entry routes for your Kozhikode company. You must file Form FC-GPR with the RBI within 30 days of share allotment and comply with pricing guidelines under the prescribed valuation method.
Violations can be adjudicated by the ED with appeals to the Kerala High Court under Section 35 of FEMA. The company must maintain Shops and Establishments registration under Kerala Rent Control Act 1963 in Kerala for the operating premises.
A foreign investment reporting tool (FIRES) is now used for filing. Ensure compliance with the Companies Act for share allotment and disclosure.
Disclaimer: AI-generated for educational purposes only. Does not constitute legal advice. Consult a qualified practitioner.