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An Indian entity that has received FDI or made Overseas Direct Investment (ODI) (i.e., invested in foreign companies or subsidiaries) must understand the most important filing with the RBI, the FLA filing. Filing the Foreign Liabilities and Assets (FLA) Return is one of those tasks that seems simple—until it’s not. While the form itself isn’t
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Are you a foreign investor looking to expand your business or set up a new company in India? Indian regulations require specific mandatory steps, one of which is appointing at least two directors for any new company. One of these directors must be an Indian resident who has lived in India for a minimum of
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When an entity engages in foreign investment, it must comply with the regulations and requirements of the Foreign Exchange Management Act. The Foreign Liabilities and Assets (FLA) return is one of the compliance obligations that entities that have made Overseas Direct Investments (ODI) or received Foreign Direct Investments (FDI) must fulfill. Here are the most
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NBFCs: The Thriving Entities in the Economy Think of Non-Banking Financial Companies (NBFCs) as the edgy, innovative cousins of traditional banks. Registered under the Companies Act of 1956 and/or the Companies Act of 2013, NBFCs shake things up in the financial world by offering loans, investment opportunities in shares and bonds, and services like leasing
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In India’s financial landscape, compliance with regulatory frameworks is crucial for smooth business operations, especially for foreign investments. The Reserve Bank of India (RBI), which looks after the country’s money matters, has made it mandatory for Indian entities to report their outstanding Foreign Direct Investment (FDI) and Overseas direct investments (ODI) through the filing of
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Foreign Direct Investment (FDI) in India has been an instrumental in shaping the Nation’s economic landscape. As per the Department for Promotion of Industry and Internal Trade (DPIIT), India’s influx of FDI has increased 20 times in the past 23 years. Ashwini Vaishnaw, India’s former IT minister said that the nation is eyeing $100 billion
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In the dynamic landscape of today’s global economy, India has emerged as a prominent player with immense potential and influence. As one of the world’s largest and fastest-growing economies, India’s role in the global market has evolved significantly. This transformation is a testament to India’s economic prowess and reflects the changing dynamics of international trade
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Base Erosion and Profit Shifting (BEPS) refers to the tax planning or tax avoidance strategies that international enterprises utilize (MNCs) that exploit gaps and mismatches in the tax rules between different countries to avoid paying tax which we call double non-taxation benefit. Developing countries will have a higher reliance on corporate income tax, which means
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Foreign exchange transactions (also called forex transactions) refer to the buying and selling foreign currencies. A foreign exchange transaction is an agreement to exchange one country’s currency for another at an agreed exchange rate on a specified date. Types of foreign exchange transactions Spot transaction When a buyer and seller of different currencies settle their
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